Decentralized Finance Frenzy Drives Ethereum Transaction Fees to All-Time Highs
Average transaction fees broke all-time highs as median fees hover just below its high.
As Ethereum fees soar, a proposal to nix “gas tokens,” which let users prepay fees when they’re cheap and spend them later, is getting renewed attention.
Miners generated an estimated $368 million in August.
September is the fifth consecutive monthly all-time high for Uniswap volume.
Large public blockchains are destined to privilege the largest, most fee-tolerant transactions at the expense of non-financial uses.
Markets excited by the prospect of declining ETH fees may have caused a surge in 0x, an Ethereum-based DEX that will benefit from decongestion.