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Ethereum Median Gas Price Increases By Almost Half Over The Past 24 Hours

Emily Mason

Summary: Ethereum's median gas price has increased 53.2% in the past 24 hours, according to Glassnode data. The heightened gas price comes as Ethereum users are eager for the release of Ethereum 2.0 which will transition the network to a proof-of-stake instead of proof-of-work system. Ethereum developers and users have long been concerned over congestion on the ...

Ethereum's median gas price has increased 53.2% in the past 24 hours, according to Glassnode data.

The heightened gas price comes as Ethereum users are eager for the release of Ethereum 2.0 which will transition the network to a proof-of-stake instead of proof-of-work system. Ethereum developers and users have long been concerned over congestion on the network, reflected by high gas prices.

It is unclear why the price of gas has spiked so significantly over the past day. 

By Emily Mason

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