Since January 1, 2021, transaction processing fees on the Ethereum network have increased by almost 400%.
This jump is associated with the rise in the price of ETH. On the eve of the coin, for the first time since January 2018, it crossed the $ 1000 mark and even reached $ 1170.
On Tuesday, January 5th, Ethereum is holding around $ 1000. The coin's capitalization is just over $ 115 billion. The rise in price of the coin has led to a surge in the activity of network users. As a result, due to the record demand for processing transactions, fees also began to rise.
According to a report from the Glassnode team, the average daily cost of commissions came close to $ 900,000, which is the highest figure in the last 3 years. According to the Etherscan service, the commission for processing ETH transactions has increased since the beginning of January from 64 to 309 Gwei (+ 382%).