Ethereum transaction fees hit another all-time high amid DEX volume boom

[H2O]

Fees for transactions on the Ethereum network hit a new all-time high on Tuesday, a development that comes as activity in the decentralized finance (DeFi) ecosystem continues to grow.

According to data published by Blockchair, average fees hit $11.75 on September 1, with median transaction fees rising to $6.34.

As previously reported, transaction costs began to rise precipitously earlier this summer — corresponding with the growth in trading on decentralized exchange (DEXs) and other protocols that comprise the DeFi space. August, for example, saw more than $11 billion in trade volume across the DEX landscape.

 



Source: Blockchair, The Block Research
https://www.theblockcrypto.com/linked/76662/ethereum-fees-dex-boom?utm_source=coinbase&utm_medium=rss