Blockchain Fees | ForkLog

ForkLog 43 12.02.2024

Ethereum Gas Fees Surge Amid ERC-404 Frenzy

On February 9, Ethereum’s gas fees soared to an eight-month high, driven by interest in the experimental ERC-404 token standard. Ethereum gas prices. Source: Etherscan. That day, the average gas price reached 70 Gwei (~$60 for a standard transaction), with a peak of 377 Gwei. The last time such levels were recorded was on May […]

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ForkLog 24 30.01.2024

How EIP-4844 will affect ordinary Ethereum users

The crypto community is eagerly awaiting Ethereum’s next major upgrade—Cancun-Deneb (Dencun). It is the first large-scale update to the second-largest cryptocurrency since Shapella, activated in April 2023. Dencun spans several areas: scalability, lower gas fees, improved security, better cross-network communication and optimized data storage. This ForkLog article explains in plain terms the significance of EIP-4844—the […]

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ForkLog 22 17.01.2024

User Pays $173,000 Fee for Bitcoin Transaction

On January 16, an unidentified individual paid a fee of 4.03 BTC ($173,148) for a single Bitcoin transaction. This was highlighted by the Whale Alert service. ? A fee of 4 #BTC (173,148 USD) has just been paid for a single transaction!https://t.co/enjdN4tn6z — Whale Alert (@whale_alert) January 16, 2024 The transfer amount was only 2.9 […]

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ForkLog 30 09.01.2024

StarkNet Community Approves STRK Token Fee Payments

The Ethereum-based layer-two solution StarkNet is set to deploy its Alpha v0.13.0 update on the mainnet, with 99.86% of voting delegates supporting the upgrade. The voting for @Starknet Alpha v0.13.0 has concluded, and the result is overwhelmingly in favor, with an impressive 99.86% approval rate! pic.twitter.com/7H6T0btbhk — Starknet-Ecosystem.com ✨ (@StarknetEco) January 8, 2024 The update […]

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ForkLog 20 19.12.2023

Avalanche burns a record $18 million worth of AVAX in a week

Over the past week, the volume of burned fees on the C-Chain blockchain Avalanche reached 438,877 AVAX (~$18.1 million at the time of writing). The metric was more than ten times higher than in the previous period.

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ForkLog 18 18.12.2023

Ordinals boom pushes Bitcoin fees to record highs

The average Bitcoin network fee exceeded $37, hitting a yearly high. Expert opinions on the cost of sending transactions were divided.

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ForkLog 22 30.11.2023

AntPool to refund record Bitcoin fee of $3.1 million

The AntPool mining pool, which received a record transaction fee of $3.1 million, has said it is prepared to reimburse it.

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ForkLog 24 27.11.2023

Man who paid a record $3.1m in Bitcoin fees says he was hacked.

The user going by the handle 83_5BTC, from the address from which a record $3.1m fee was paid on November 23, says he has fallen victim to a hacker.

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ForkLog 17 23.11.2023

Unknown user pays a $3.1m fee for a single Bitcoin transaction.

On November 23, an unknown user paid a fee of 83.65 BTC ($3.1m) in a transfer of 55.77 BTC ($2.1m).

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ForkLog 24 21.11.2023

Bitcoin transaction costs have surpassed Ethereum’s level

Average transaction fees on the Bitcoin blockchain have surpassed Ethereum's corresponding metric as interest in Ordinals revived.

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ForkLog 26 17.11.2023

Polygon fees rise 1,000% after POLS launch

On 16 November, gas costs on the Polygon network surged by almost 1,000%, to around 5000 Gwei (~$0.1), as users began actively creating Ordinals-inspired POLS tokens.

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ForkLog 14 10.11.2023

Fees in Ethereum and Bitcoin networks reach monthly highs

Over the last 24 hours, users reported high transfer fees in Bitcoin and Ethereum networks — in some cases fees exceeded $200.

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