1. Home
  2. Altcoin
  3. Ethereum gas fees rose 498% in two weeks as network activity surged — Report
Ethereum gas fees rose 498% in two weeks as network activity surged — Report

Ethereum gas fees rose 498% in two weeks as network activity surged — Report

0

Source: Coin Telegraph

An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?

Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase.

Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning of the month to $1.69. 

Ethereum transaction fees and ETH transfer volumes

Read more

Go to Source
Author: Nancy Lubale