Fees, as measured by median gas prices, spiked to as high as 270 gwei late on Thursday, temporarily touching a level last seen in June 2022. That pushed up costs of trading swaps to anywhere from $60 to $100 for a few hours. Gwei is a small unit of ether (ETH) equal to one-billionth of an ETH and is used to denominate gas prices. Gas refers to the fees Ethereum users pay to ensure their transactions are included in the earliest block by network validators.
Related Posts:
Spot Bitcoin ETF Fees by BlackRock Revealed in New…
BlackRock, ARK 21Shares Follow Rivals in Cutting…
Monochrome revises filing for spot Bitcoin ETF at…
Ethereum Whales Aim To Keep Price Afloat – Will The…
After Bitcoin, Will the SEC Greenlight Spot Ethereum…
Ethereum Futures ETF To Launch On Oct 12, Will ETH…
