Surge in Stablecoin and DeFi Growth Bring Ethereum Fees to 2-Year High
Fees for Ethereum transactions are at an all-time high but what does this mean for the network and ETH price? The median transaction fees on the Ethereum network are the highest they have been in two years and have risen above Bitcoin fee for the second time in the last three months. Recently, Coinbase researcher Max Bronstein tweeted the chart below and suggested that the most recent surge seems to be due in largely in part to increased interaction with stablecoins on the Ethereum network. Tx.
Coin Telegraph - 24th Jun 01:06