An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?
Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase.
Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning of the month to $1.69.
Ethereum transaction fees and ETH transfer volumes
