May 19, 2024
Ethereum News

Ethereum Gas Fees Skyrocket 10x Amid On-Chain Panic – Here’s What You Need to Know

Ethereum network fees skyrocketed tenfold to as much as 318 Gwei on November 8, with a simple transaction costing around $10 at one point. This, paired with the ongoing crypto market crash, has triggered a decrease in the coin’s price to below the $1,200 level. The prices of other tokens have also declined sharply over the past 24 hours.... Read More: Ethereum Gas Fees Skyrocket 10x Amid On-Chain Panic – Here’s What You Need to Know