Transaction fees in Ethereum jumped again. What is the reason?

Transaction fees in Ethereum jumped again. What is the reason?

Transaction fees in Ethereum rose again. The main reason is the active use of decentralized applications.

Although used today are still far from their peak values in the region of 4 dollars, which was in January of this year, but they are already very close to the figures of March.

At the moment fees amount to a little more than 0.60, f their growth began around the beginning of April and continues until now.

Over the last 24 were produced in total 65250 transaction that has spent more than 20 million gas, and the amount of transferred assets amounted to 23500 Ether. The most popular decentralized application at the moment is IDEX. While using this application was moved approximately 21,000 ETH.

However, at the moment there are no signs of system failure, as it occurred after the introduction CryptoKitties one of the first decentralized applications. As a result, one of the largest cryptocurrency exchanges Gemini has temporarily suspended work on withdrawal and withdrawal of funds in Ether.

Read also – the Seals have fallen off the Ethereum network

Then the share CryptoKitties accounted for about 20% of all transactions in Ethereum. At the moment the share of all decentralized applications account for only 8% of the total.

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