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Transaction fees, explained
1.11.2020
Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look
Bitcoin Transaction Fees Rise to 28-Month High as Hashrate Drops Amid Price Rally
29.10.2020
The cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years
Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline
26.10.2020
Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average...
‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low
19.10.2020
Bitcoin's transaction activity has cooled amid the recent lull in price action – and that's hurting miners' earnings
Almost 1M Ether would have been burnt in past year if fee proposal approved
16.10.2020
The long awaited EIP-1559 would have seen almost 1 million ETH burnt in the last 365 days if it had been implemented, but miners are yet to get on board
Ethereum’s fees higher than Bitcoin’s for a record two straight months
9.10.2020
The Ethereum network has taken more in fees than Bitcoin for a record streak, but a fee reform proposal faces an uphill battle
Ethereum Transaction Fees Fall 82%, as Defi Hype Eases
6.10.2020
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode...
Bitcoin Miners Saw 11% Revenue Drop in September
2.10.2020
Miners generated an estimated $328 million in September
Record $166M Ethereum Fees Last Month Were Six Times Bigger than Bitcoin’s
1.10.2020
Ethereum continues to outpace Bitcoin in transaction fees, with DeFi mania helping push total fees to $166 million last month
Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot
30.9.2020
This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more...
Coinbase Pro passes gas fees to users as ETH miner revenue hits 5 year high
18.9.2020
Following Uniswap’s UNI token launch, Ethereum transaction fees spiked to almost $1 million an hour
Uniswap’s September Volume Passes August’s $6.7B Record in Just 10 Days
10.9.2020
September is the fifth consecutive monthly all-time high for Uniswap volume
Ethereum Developers Weigh Gas Rule Change to Ease Fee Pressure
7.9.2020
As Ethereum fees soar, a proposal to nix “gas tokens,” which let users prepay fees when they’re cheap and spend them later, is getting renewed attention
Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts
5.9.2020
Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads...
Fees Bonanza: Ethereum Miners Pocket a Record $113 Million From Fees in August
2.9.2020
Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction...
Ethereum gas fees reach $500K as ETH price hits a 2020-high at $486
1.9.2020
Ethereum miners earned a record $500K in fees for a single hour, raising concerns about network stability
Ethereum Transaction Fees Set a Record Once Again as DeFi Becomes Even Pricier
1.9.2020
Average Ethereum transaction fees reached $10.33 on Tuesday
Bitcoin Miners Saw 23% Revenue Increase in August
1.9.2020
Miners generated an estimated $368 million in August
Despite 30% Drop, Ethereum Transaction Fees Remain Sky-High
24.8.2020
Despite a drop of nearly 30% in the past three days, transaction fees on the Ethereum (ETH) network remain at the highest level they have been since July 2018.
According to fresh data from Bitinfocharts, the average fee paid to make transactions on Ethereum now stands at USD 3.24, based on a 7-day...
Ethereum’s Fees Mean Choosing Between a World Computer and a Financial Network
24.8.2020
Large public blockchains are destined to privilege the largest, most fee-tolerant transactions at the expense of non-financial uses