March 29, 2024

Average commission on the Ethereum network approached $ 40

Average commission on the Ethereum network approached $ 40

One of the main problems of Ethereum at the moment – network congestion, which leads to increased commissions.

Behindlast year, DeFi has become one of the mostpopular applications of the Ethereum blockchain. The popularity of DeFi has caused daily transaction volume on the network to increase 25 times over the past year – from $373 million to $9 billion.

After the ETH price correction from $2000 to $1500, the transaction price soared to $37.6. ETH transfer fees have reached their highest level since the network was founded in 2014.

Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies

Based on materialscoingape.com