Crypto News Bulletin from bitcoinist

Sunday July 19, 2020 4:00 AM
2 weeks 1 day ago

Ethereum Fees Are Up 500% Since April: Why That’s Bearish for ETH

It’s been a strong few weeks for Ethereum adoption. Due to growth in the decentralized finance sector, the blockchain has seen a spike in users, active addresses, and transactions. Unfortunately, this influx of usage has not come without a cost: As per data from Glassnode, a blockchain analytics firm, the daily median gas price of an Ethereum transaction passed 50 Gwei. This is a transaction cost five times higher than that of April, and the […]