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Ethereum network gas fees that averaged $15.13 on September 2 have been declining in the past four days ending the day at $3.43, according to Token View charts. At that cost, ethereum fees are still ahead of those on the Bitcoin network that averaged $2.75 on September 6. The highest average daily fee on the […]
The post Declining ETH Gas Cost Still Higher Than BTC Fees: Supporters Insists ETH 2.0 to End High Fee Woe appeared first on Bitcoin News.
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Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads to more transactions and slower confirmations making higher […]
The post Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts appeared first on Bitcoin News.
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