DeFi craze pushes Ethereum fees to unprecedented levels

in defi •  4 years ago 

Decentralized Finance (DeFi) craze drives Ethereum transaction fees to an all-time high

According to Blockchair; The average fee per transaction on Ethereum reached $ 6.04 on Wednesday evening, the highest fee since 2015.

Was under $ 1 in mid July
Mid-range transaction fees, which are just below the historic highs of $ 3.03, are now at $ 3.00. Until mid-July, when fees started to rise, prices were even below $ 1.

Coincided with the mobility in DeFi
Wage increases coincided with increased mobility in popular decentralized financial protocols like Uniswap. According to the information obtained from Etherscan; There are at least 3 similar decentralized finance applications on the list of protocols with the highest level of network usage.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!