ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
  • Listing Platform
  • BSC
  • CRO
  • ETH
  • BRC
What's Hot

Veteran Trader Tone Vays Says Bitcoin Breakout Incoming, Forecasts Extended Rallies for Top Crypto Asset

March 27, 2023

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

March 27, 2023

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023
Twitter Telegram
  • Listing Platform
  • Home
  • BSC
  • CRO
  • ETH
  • BRC
Advertise
Twitter Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Veteran Trader Tone Vays Says Bitcoin Breakout Incoming, Forecasts Extended Rallies for Top Crypto Asset

    March 27, 2023

    Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

    March 27, 2023

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023

    Veteran Trader Tone Vays Says Bitcoin Breakout Incoming, Forecasts Extended Rallies for Top Crypto Asset

    March 27, 2023

    XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

    March 26, 2023

    Bitcoin is 1 week away from ‘confirming’ new bull market — analyst

    March 26, 2023

    Crypto Analyst Nicholas Merten Says Fed Money Printing Won’t Spark New Bitcoin (BTC) Rally – Here’s Why

    March 26, 2023

    Bitcoin and Ethereum Investors Are Not Flinching, US Pressure on Crypto Will Backfire: Chris Burniske

    March 26, 2023

    Euler Finance exploiter returns over 58,000 stolen Ether

    March 25, 2023

    Bitcoin likely to outperform all crypto assets following banking crisis, analyst explains

    March 24, 2023

    Heavyweight champ Oleksandr Usyk seeks to tokenize boxers’ careers

    March 24, 2023

    $4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

    March 27, 2023

    Polkadot, Kusama and Cardano Leading Crypto Space in Terms of ‘Notable GitHub Activity’: Santiment

    March 25, 2023

    Cardano Creator Charles Hoskinson Says US Government Waging War on Crypto, Urges Industry Leaders To Step Up

    March 25, 2023

    Arbitrum Discord hacker shares phishing announcement amid airdrop hype

    March 25, 2023

    Veteran Trader Tone Vays Says Bitcoin Breakout Incoming, Forecasts Extended Rallies for Top Crypto Asset

    March 27, 2023

    Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

    March 27, 2023

    First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

    March 27, 2023

    Number of Irretrievably Lost BTC Now 6 Million — Cane Island Manager

    March 27, 2023
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos

    ⚠️Was It An Inside Job?⚠️ (The Fall Of NEXO)

    March 27, 2023

    Bitcoin $50k SOON (Why $1T is Coming to Crypto ASAP)

    March 26, 2023

    More Bank Runs Coming!? Which Ones Are At Risk!?

    March 26, 2023

    New *Leaked Email* Reveals Amazon’s SECRET Crypto Plan..😳

    March 26, 2023

    🔴 US Economy is headed for a "DISASTER of EPIC Proportion"! 🔴

    March 24, 2023
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.560% 24H
    BITCOIN
    24H : 0.560%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.53% 24H
    ETHEREUM
    24H : -0.53%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.53% 24H
    TETHER
    24H : -0.53%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.360% 24H
    BNB
    24H : 0.360%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.51% 24H
    USD COIN
    24H : -0.51%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.000.150% 24H
    XRP
    24H : 0.150%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.16% 24H
    CARDANO
    24H : -2.16%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.46% 24H
    LIDO STAKED ETHER
    24H : -0.46%
    Volume : $0.00
    Marketcap : $0.00
  • jeet-detector-botJDB(JDB)
    $0.00-0.61% 24H
    JDB
    24H : -0.61%
    Volume : $0.00
    Marketcap : $0.00
  • bitcoinBitcoin(BTC)
    $0.000.560% 24H
    BITCOIN
    24H : 0.560%
    Volume : $0.00
    Marketcap : $0.00
  • ethereumEthereum(ETH)
    $0.00-0.53% 24H
    ETHEREUM
    24H : -0.53%
    Volume : $0.00
    Marketcap : $0.00
  • usdex-stablecoinUSDEX(USDEX)
    $0.00-0.47% 24H
    USDEX
    24H : -0.47%
    Volume : $0.00
    Marketcap : $0.00
  • tetherTether(USDT)
    $0.00-0.53% 24H
    TETHER
    24H : -0.53%
    Volume : $0.00
    Marketcap : $0.00
  • binancecoinBNB(BNB)
    $0.000.360% 24H
    BNB
    24H : 0.360%
    Volume : $0.00
    Marketcap : $0.00
  • usd-coinUSD Coin(USDC)
    $0.00-0.51% 24H
    USD COIN
    24H : -0.51%
    Volume : $0.00
    Marketcap : $0.00
  • rippleXRP(XRP)
    $0.000.150% 24H
    XRP
    24H : 0.150%
    Volume : $0.00
    Marketcap : $0.00
  • cardanoCardano(ADA)
    $0.00-2.16% 24H
    CARDANO
    24H : -2.16%
    Volume : $0.00
    Marketcap : $0.00
  • staked-etherLido Staked Ether(STETH)
    $0.00-0.46% 24H
    LIDO STAKED ETHER
    24H : -0.46%
    Volume : $0.00
    Marketcap : $0.00
ApeWatcher News
Home » Ethereum average gas fee falls down to $1.57, the lowest since 2020
Altcoin

Ethereum average gas fee falls down to $1.57, the lowest since 2020

Coin TelegraphBy Coin TelegraphJuly 3, 20220 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees or gas fees it requires to complete a transaction. However, with Ethereum’s average gas fees coming down to 0.0015 ETH, the narrative is set to change. 

The average transaction fee on the Ethereum blockchain fell down to 0.0015 ETH or $1.57 — a number previously seen in December 2020. However, starting in January 2021, Ethereum’s gas fees surged owing to the hype around nonfungible tokens (NFT), decentralized finance (DeFi) and a promising bull market.

Ethereum average transaction fee YTD. Source: BitInfoCharts

For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest gas cost of $196.638 — as evidenced by data from BitInfoCharts. 

Supporting this sudden drop in gas prices, Cointelegraph uncovered on Saturday that the daily NFTs sales have also dropped to one-year lows. The NFT ecosystem recorded its worst performance of the year in June as the total number of daily sales fell to roughly 19,000 with an estimated value of $13.8 million.

Number of daily NFT sales between June 2021 – June 2022. Source: NonFungible

In November 2021, back when numerous investors reported outrageous gas fees, Ethereum co-founder Vitalik Buterin published a decrease-cost-and-cap proposal to reduce unprecedented levels of strain on the network. Buterin had proposed a short-term solution to further cut rollup costs by introducing a calldata limit per block to lower ETH gas costs.

Related: Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH

Ethereum liquidity provider XCarnival recovered 1,467 ETH just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from the protocol.

XCarnival was attacked on June 26, 2022 and suspended part of the protocol. XCarnival officials will give 0xb7CBB4d43F1e08327A90B32A8417688C9D0B800a owner 1500 ETH bounty.
At the same time, XCarnival officals explicitly exempt the person from legal action.

By XCarnival team

— XCarnival (@XCarnival_Lab) June 27, 2022

Blockchain investigator Peckshield explained the nature of the attack by stating:

“The hack is made possible by allowing a withdrawn pledged NFT to be still used as the collateral, which is then exploited by the hacker to drain assets from the pool.”



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$4M ‘exit scam’ suspected as Kokomo Finance flies off radar, token plunges

March 27, 2023

Polkadot, Kusama and Cardano Leading Crypto Space in Terms of ‘Notable GitHub Activity’: Santiment

March 25, 2023

Cardano Creator Charles Hoskinson Says US Government Waging War on Crypto, Urges Industry Leaders To Step Up

March 25, 2023

Arbitrum Discord hacker shares phishing announcement amid airdrop hype

March 25, 2023

Analyst Predicts Ethereum Rival Will Explode by Over 90%, Updates Outlook on XRP, Cardano and Solana

March 25, 2023

MakerDAO votes to keep USDC as primary collateral, rejects ‘diversification’ plan

March 24, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Articles

Veteran Trader Tone Vays Says Bitcoin Breakout Incoming, Forecasts Extended Rallies for Top Crypto Asset

March 27, 2023

Bitcoin Price and Ethereum Prediction: A Packed Week Ahead – Potential Breakout Catalysts for BTC and ETH

March 27, 2023

First Citizens to Buy Silicon Valley Bank’s Deposits, Loans in $55.5B Agreement With FDIC

March 27, 2023
ApeWatcher News
Twitter Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2023 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.