Vitalik Buterin Proposes New EIP to Tackle Ethereum’s Sky-High Gas Fees
Ethereum (ETH) co-founder Vitalik Buterin has put forward a new Ethereum Improvement Proposal (EIP) that aims to tackle the network's gas fee problems by adding a limit on the total transaction calldata. Since Ethereum c...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Since Ethereum can only process 15 transactions per second, gas fees tend to spike at times of network congestion. On November 9, the average transaction network fee reached USD 62 per transaction. As of now, Ethereum transactions cost around USD 44, according to BitInfoCharts....
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This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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