Ethereum Fees Jumped 154% Since Last Week, $400 Uniswap Fees, $1K to Interact With Opensea – Bitcoin News – Bitcoin News

Ethereum Fees Jumped 154% Since Last Week, $400 Uniswap Fees, $1K to Interact With Opensea – Bitcoin News – Bitcoin News


Following the bug and the split that occurred after a great number of Geth nodes did not upgrade, Ethereum fees have risen dramatically since August 21, jumping from $11 per transaction to today’s 0.0088 ether per transaction ($27.98).

Ethereum Transaction Fees Skyrocket

Ethereum is the second-largest crypto asset in terms of crypto market capitalization with a $375 billion market cap or 17.4% of the crypto economy’s $2.16 trillion. ETH is up 34.3% during the last month, but has lost 2.1% during the last two weeks. On August 27, Bitcoin.com News reported on Ethereum having issues upgrading and the problems led to a chain split. As that news has settled, discussion of rising Ethereum gas fees have replaced the conversation.

Ethereum Fees Jumped 154% Since Last Week, $400 Uniswap Fees, $1K to Interact With Opensea

Ether fees have jumped dramatically since August 21, spiking 154.36% to today’s average transaction cost of $27.98 per transaction. The cost to interact with smart contracts and Web3 platforms is even worse, as people have reported on Uniswap or decentralized exchange (dex) fees being upwards of $300 to even over $1K per interaction. Non-fungible token (NFT) marketplace fees for places like Opensea have significantly higher ether gas fees
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