While bitcoin’s network activity appears to be decreasing, the average transaction fees are seeing a significant increase. The seven-day moving average for transaction fees has climbed to $2.40, […]
Believe Founder Addresses Concerns About Transaction Fees
Believe founder Ben Pasternak addressed ongoing concerns about transaction fees on social media platforms. He acknowledged the high volume of transactions impacting various systems and confirmed that efforts […]
Ethereum Transaction Fees Soar 160%, Fueled by Network Activity Boom
Ethereum transaction fees have witnessed a dramatic surge of 160% this week, according to BlockBeats data. This increase is directly tied to the network’s heightened activity levels. A […]
Ethereum Raises Gas Limit for Enhanced Efficiency and Reduced Fees
Ethereum is set to raise its gas limit from 30 million units to 60 million, a move that aims to boost network efficiency and lower transaction costs. This […]
Ethereum Upgrades Gas Limit for Faster Transactions and Reduced Fees
Ethereum is making major upgrades to its network capacity, aiming to create a faster, cheaper, and more efficient experience for users and developers. A 66% increase in the […]
Ethereum Transaction Fees Drop to 5-Year Low: An Opportunity for Investors?
A significant drop in Ethereum transaction fees has been observed, reaching a five-year low. This decrease can potentially offer an investment opportunity, as the lower costs could facilitate […]
Avalanche Octane Update: Lower Fees, Faster Transactions
Avalanche has implemented its latest major update, known as Octane, aimed at streamlining transaction costs and enhancing network speed. A new fee mechanism has been introduced to efficiently […]
Panic-Fueled Bitcoin Transaction Wastes Over $70,000 in Fees
A user’s frantic attempt at re-routing a Bitcoin transaction resulted in them paying over $70,000 in fees. The misdirected move involved an ‘replace-by-fee’ (RBF) attempt to alter the […]
Ethereum Transaction Fees Hit Record Low
The price of sending transactions on the Ethereum network is at an all-time low since February 2020, with daily fees averaging below $500,000. While activity remains consistent around […]