Ethereum's high gas fee crisis won't be solved by EIP-1559: Coin Metrics report
Cointelegraph
Published Mar 23, 2021 10:53PM ET
Updated Mar 24, 2021 12:40AM ET
A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem.
According to the Ethereum Gas Report by Coin Metrics, median fees on Ethereum have been consistently over $10 for most of 2021. Comparatively, the average Ethereum transaction fee reached just $5.70 at the height of the 2017/2018 bull run.
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Written By: Cointelegraph
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