etherscan.io

Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability

March 9, 2024 Bitcoin.com

bitcoin.com

Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $66. Transfers and Dex Swaps Costlier as Ethereum […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days

December 10, 2022 Bitcoin.com

Altcoins

Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23 per transfer. Ethereum gas metrics […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder

November 15, 2022 Bitcoin.com

35th largest ethereum

Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were “unauthorized transactions.” A report by the blockchain intelligence firm Elliptic explains that out of “more than $663 […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges

November 14, 2022 Bitcoin.com

Binance

During the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the forefront of conversations. Another silver lining to the fiasco is the fact that cryptocurrency enthusiasts have removed large quantities of bitcoin and […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer

October 11, 2022 Bitcoin.com

Altcoins

26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction. Ethereum’s Average Gas Fees Jump Over 80% […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees’

September 22, 2022 Bitcoin.com

Arbitrum

On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower fees.” Boba Network Integrates With the Avalanche PoS Blockchain Boba Network, the layer two (L2) […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper

September 17, 2022 Bitcoin.com

bitcoin.com

Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13, 2022, high-priority ether transactions could cost 68 gwei or $2.97 per transaction, and today at $0.18, a high-priority ether […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel

August 28, 2022 Bitcoin.com

Altcoins

With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on August 28. Median-sized fees have slid to 0.00036 ether or $0.544 per transfer, and etherscan.io’s gas tracking tool notes a priority fee will cost 11 […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020

August 7, 2022 Bitcoin.com

August 2022

In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the end of July. At the time of writing, the […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces

While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low

July 31, 2022 Bitcoin.com

Altcoins

While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5 per transaction and on July 30, at 9 p.m. (ET), […]

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Cartel-Linked Crypto Laundering Ring Disrupted by Federal Task Forces