DeFi Hype Has Sent Ethereum Fees Soaring to 2-Year High: Coin Metrics
The knock-on effects of the DeFi hype include high fees and less active users on Ethereum, according to Coin Metrics.
Eight of the nine mining projects answering a survey on EIP 1559 had a negative impression of the proposal, with seven saying they would not implement the change.
OMG has more than doubled in the past seven days as record Ethereum fees lead investors to look more closely at layer 2 solutions.
Miners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled.
As bitcoin’s price falls, Ethereum’s fees rise.
Implementing transaction batching and SegWit could have saved bitcoin companies and users $500 million in fees – if they'd just use the technology.