Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,399,169,394,324.12
  • 24h Vol: $53,361,005,239.12
  • BTC Dominance: 56.62%

Dune Analytics

ethereum-network’s-rising-gas-fees-in-2023:-a-balancing-act-of-growth-and-cost

Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost

Leave a Comment / 1.06 million transactions, 212743 transfers, 689511 transactions, 87.67% lower, 92.19% decrease, Arbitrum, Average Fee, Bitcoin, Bitinfocharts.com, cost to transfer, Crypto Hacked, Cryptocurrency, decentralized exchange, Demand, dex swap, Dune Analytics, Dune Analytics data, ERC20 token, ETH, ETH fees, Ether fees, Ethereum, Ethereum (ETH), Ethereum cost, Ethereum Network, Ethereum scaling solution, Fees, gas fees, growth, hindrance, increase, L2 scaling network, Median Fee, News, number of transactions, onchain cost, Opensea, Optimism, Token value, transaction cost, transactions, transfer, transfer cost, transfer fee, USDC, USDT / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As the demand for Ethereum’s capabilities continues to soar, […]

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combined-transactions-on-arbitrum-and-optimism-l2-chains-outpace-ethereum’s-daily-transfer-count 

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count 

Leave a Comment / Arbitrum, Bitcoin, Blockchain, Chains, cheaper, computational workload, Crypto, Crypto Hacked, Cryptocurrency, daily transfer count, daily transfers, DeFi, Dune Analytics, Ethereum, faster, growth, increase, L2, L2 scaling, Layer two, lower, main blockchain, network, networks, Offchain, Onchain, onchain fees, Optimism, output, Polygon, Privacy, processing, rollup, rollups, Scaling, Security, Smart Contracts, Statistics, Transaction, Verification, Virtual Machine, volume, XRP, Zero Knowledge, ZK rollups, ZKsnarks / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count  Read More »