February 27, 2021

ETH commissions have grown significantly

ETH commissions have grown significantly

Over the past three months, users have spent more money on ETH commissions than on BTC.

Last three months there is a rapid increase in transaction prices in the networkEthereum The average transaction fee increased by 90% compared to three months earlier. According to Blockchair, the average commission price yesterday was 0.002163 ETH (~ $ 0.51).

ETH commissions have grown significantly

At the same time, the cost of bitcoin commissions decreased for several weeks after the May halving.

According to Glassnode, the total amount of commissions in the Ethereum network approached $ 500 thousand, which is much higher than the total amount of bitcoin commissions (about $ 300 thousand).

ETH commissions have grown significantly

According to analysts, such a jump in commissionfees are associated with increased demand for ETH transactions. The relationship between ETH price and transaction fees has always been traced by analysts. Given the historical data of the last four years, following the increase in the cost of transfer, the price of the asset should rise.

ETH commissions have grown significantly

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