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Ethereum Gas Fees Have Risen 2,300% Since June
Summary: The average transaction fee on Ethereum is soaring at $51.45, according to data from crypto metrics site BitInfoCharts. The figures show an increase of 2,293% since late June. Only seven days ago, the average transaction fee on Ethereum was $22.52. This month has been particularly temperamental for Ethereum gas fees. On October 15, the average ...
The average transaction fee on Ethereum is soaring at $51.45, according to data from crypto metrics site BitInfoCharts. The figures show an increase of 2,293% since late June.
Only seven days ago, the average transaction fee on Ethereum was $22.52. This month has been particularly temperamental for Ethereum gas fees. On October 15, the average fee was $45.74, almost double the figure on the first of the month: $23.79.
The price of transactions on Ethereum has been seesawing since the London hard fork back in August, but in spite of wild variations—often between days—the gas fees on the network are trending upwards.
By Amy Liu
