News list for " Transaction Fees"
In the past 3 weeks, Ethereum transaction fees (7-day moving average) have skyrocketed. The data shows that its fee was $3.52 on September 21, more than triple the $0.85 on September 1. The recovery in transaction fees has also increased the destruction rate of Ethereum, which increased from 80.27 ETH on September 1 to 1,360 ETH on September 21, an increase of 1600% in three weeks. Despite the surge in transaction fees and destruction volumes, active accounts on the Ethereum network (7-day movin...
Bitcoin transaction fees have been exhibiting a pattern of volatility since the beginning of 2024, with significant spikes around major events. The most prominent spike occurred in April, in connection with the Bitcoin halving event. During this time, transaction fees briefly spiked above 1,200 BTC, highlighting the increased demand for the network during this critical period. After the halving, fees...
