Ethereum Transaction Fees Reaches All-Time High

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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.