Blockchain Fees | ForkLog

ForkLog 3 23.02.2021

User paid 25 ETH for Uniswap token approval

A user of the decentralized exchange Uniswap paid 25 ETH (~$37,000 at the time of writing) to approve transactions with the USDC stablecoin. This drew the attention of Groundhog's chief technology officer, Andrew Redden.

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ForkLog 13 23.02.2021

Fee share in Ethereum miners’ revenue tops 50%

Ethereum miner revenues in February rose to a new record, topping $1 billion to date. More than half of that total came from transaction fees.

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ForkLog 4 20.02.2021

Ethereum price breaks above $2,000 for the first time

Ethereum, the second-largest cryptocurrency by market capitalisation, has for the first time surpassed the $2,000 mark.

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ForkLog 12 04.02.2021

Average Ethereum transaction fee tops $20

Against the backdrop of Ethereum's price climb to new highs and a surge in on-chain activity, the average transaction fee on the second-largest cryptocurrency's network exceeded $20.

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ForkLog 11 28.01.2021

Researchers Explain How to Cut Ethereum Transaction Costs

The summer 2020 boom in the decentralized finance led to higher Ethereum network fees. Flipside Crypto analysts determined the times of day when users can save on transactions.

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ForkLog 7 29.12.2020

Bitcoin miners’ revenue reaches $1 million per hour

Bitcoin miners' revenue after the May halving rose 185% to the current $1 million per hour, according to Glassnode. The last time revenues were this high was in the summer of 2019, when the block reward was 12.5 BTC.

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ForkLog 8 18.12.2020

Overcrowded Bitcoin mempool drives fees up by 350%

Fees in the Bitcoin network surged severalfold as its price rose to new all-time highs. Separately, unconfirmed transactions in the mempool have risen.

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ForkLog 6 04.12.2020

Bitcoin miners’ revenues hit a yearly high as November receipts rise 50%

As the price of the leading cryptocurrency rose, Bitcoin miners' November revenues hit a yearly high.

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ForkLog 9 26.11.2020

Average Ethereum transaction fee hits $7.70 as price falls below $500

The price of the second-largest cryptocurrency by market cap fell below $500, even though Ethereum traded above $600 on November 24.

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ForkLog 16 19.11.2020

Unknown user paid a $47,000 fee for a Bitcoin transaction

On Wednesday, November 18, an unknown user executed a transaction of 0.01088549 BTC, for which they paid a fee of 2.66038352 BTC (more than $47,000 at the time).

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ForkLog 8 11.11.2020

Bitcoin network fees fall below $8 as mempool clears

Following the recent record rise in Bitcoin network transaction fees, they fell below $8. Just a few days ago, the congested mempool was almost completely cleared.

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ForkLog 7 05.11.2020

A user accidentally paid a $9,500 fee for a $120 transaction.

One of the Ethereum holders accidentally paid a fee that was 80 times the cost of the transaction. The error occurred during a transaction on the Uniswap decentralised exchange.

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