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 […]
Category: Gas
Auto Added by WPeMatico
3 key Ethereum price metrics point to growing resistance at the $1,750 level
Ethereum price looks poised for additional downside as low as the $1,560 level.
Powered by WPeMatico
Fantom starts paying developers to generate gas fees
Developers will get a 15% cut of the fees they generate, but only if their app has done more than 125,000 transactions and has existed for three months.
Powered by WPeMatico
Ethereum gas price spikes 29% in January as user activity grows: Report
Ethereum block statistics show that the average number of blocks mined each day showed little to no change, while the total block size per month increased by 7%.
Powered by WPeMatico
Ethereum Gas Fees Spike as ETH Value Rises: Average Onchain Fees Jump by More Than 50%
While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93 per transfer, but today the average […]
Powered by WPeMatico
SHIB Token Sees Rise Ahead of Shibarium Beta Launch
The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin’s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, “Shibarium beta,” is about to be launched on top of the […]
Powered by WPeMatico
Dollar Loses to Digital Currencies in 2023, Former Russian President Medvedev Says
Digital fiat currencies will spread next year while the U.S. dollar will be losing its status of global reserve currency, according to Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the future holds for the world, a “humble contribution,” as he put it, to the […]
Powered by WPeMatico
Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba
Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants without the internet needed to complete mining tasks. Cryptocurrency Mining in Cuba Not […]
Powered by WPeMatico
Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days
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 […]
Powered by WPeMatico
Natural Gas Price Hike Hits Crypto Miners in Iran
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs for Mining Farms […]
Powered by WPeMatico