Ethereum network in a fee spin: Can the Berlin upgrade save the day?
Cointelegraph
Published Mar 21, 2021 08:28AM ET
Updated Mar 21, 2021 01:40PM ET
Though Ether’s (ETH) value has continued to showcase increasing signs of stability around the $1,800 range over the past fortnight or so, users of the premier altcoin’s network have been faced with rising gas fees as well as increasing network congestion issues. To put things into perspective, since summer last year, a time when the DeFi boom was starting to peak, Ethereum’s network fees have more than doubled.
While this fee increase quite directly relates to ETH’s increasing value, there is no denying that it also clearly shows growing demand for ERC-20 tokens, stablecoins, as well as various decentralized finance-based offerings in general.
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Written By: Cointelegraph
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