Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Tanimariya on November 03, 2021, 03:29:06 PM
-
The average transaction fee on Ethereum has risen a staggering 2,300% since late June. Rising costs on Ethereum, the world’s largest smart-contract blockchain, appear to be driving investors to coins associated with layer 2 products facilitating faster and cheaper transactions and rival programmable blockchains.
The average fee on Ethereum, known as gas, has risen by a staggering 2,300% since late June. It has more than doubled to $56 in the past two weeks alone, according to data provided by the blockchain analytics firm Glassnode, and the seven-day moving average of the mean transaction fee has hit a record high of $52. Source Link
(https://www.coindesk.com/markets/2021/11/03/loopring-surges-40-solana-replaces-cardano-as-5th-largest-coin-as-ethereum-fees-spike/)