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Ethereum (Courtesy: Coin Desk)
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Ethereum Transaction Fees Reaches All-Time High

Ethereum (Courtesy: Coin Desk)
Ethereum (Courtesy: Coin Desk)

Ethereum has grown well in the past few months. As a result of his growth, many investors have been profited through its constant surge in the market. At the time of writing, Ethereum has recorded over 4 per cent of growth, to be placed at $394.82.

Now in a major surge, the Ethereum transaction fees has reached an all-time high of $6.87 million yesterday, August 12, according to The Block Research.

It has broken the record of the previous all-time high which was of $4.55 million back in 2017. The price hike in the transaction denotes that users are willing to give out higher amounts to get their transactions completed in a period of decentralized finance (DeFi) boom.

Meanwhile, the transaction fees for Bitcoin remains low at $1.43 million, which is at least 4.8 times lower than Ethereum fees on Wednesday.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.