Ethereum Transaction Fees Are Reaching Highs Not Seen Since 2015

Ethereum Transaction Fees Are Reaching Highs Not Seen Since 2015

Despite stagnation in the value of ETH, demand for Ethereum transactions continues to increase day after day. This is largely due to the growth seen in what is known as decentralized finance — or “DeFi.” Coins and protocols pertaining to this space are largely based on Ethereum, meaning that the network has racked up countless transactions attempting to satisfy DeFi users.

According to Etherscan…

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