Tag Archives: fees

EIP-1559 will not lower Ethereum’s high fees alone

[ad_2][ad_1] Source: Adobe / grejak Among many of the much discussed Ethereum (ETH) related events recently is the arrival of a particular Ethereum Enhancement Proposal (EIP) which is supposed to help reduce fees, but high fees are a scalability, not an issue of mechanism, says one expert. EIP-1559 is expected …

Read More »

Binance Launches Ethereum Mining Pool With 0.5% Fees

[ad_2][ad_1] After launching its Bitcoin (BTC) mining pool in April, cryptocurrency exchange Binance has now launched an internal mining pool for the market’s largest altcoin by market cap, Ether (ETH). For the first month, between November 12 and December 12, Binance is trying to lure miners by offering a zero-fee …

Read More »

Ethereum user spends $ 9,300 in fees to send $ 120

[ad_2][ad_1] In the letter An Ethereum user made a mistake while submitting a transaction on the Ethereum blockchain. They accidentally raised the transaction fee to $ 9,300. They ask the miners to return the money, but they are not required to do so. An Ethereum user accidentally spent $ 9,300 …

Read More »

Ethereum fees are down as DeFi markets cool

[ad_2][ad_1] The DeFi bubble appears to have slowed in the final months of 202, with fees and confirmation times returning to less formidable levels. “ETH fees are very low, which suggests that the DeFi madness has subsided for now,” Josh Olszewicz, also known as CarpeNoctom on Twitter, told Cointelegraph. “DeFi …

Read More »

Ethereum’s transaction fees fell 65% in October

[ad_2][ad_1] Ethereum miners’ fees have dropped 65% in the past month as the demand for decentralized finance (DeFi) products has declined. According to data compiled by on-chain market intelligence startup Glassnode, Eethereum users paid $ 57.49 million in transaction fees in October, down more than 65% from a record of …

Read More »