Ethereum fees increase for first time since Merge as ETH falls 7% $ETH Blockchain Crypto
According to the chart posted by Glassnode, the total amount of ETH fees paid decreased significantly from 80 ETH on Sept. 15 on the day of the Merge to around 60 ETH at the beginning of October.
However, until a significant spike to 112 ETH on Oct. 13, the total fees paid continuously increased to maintain an average of roughly 70 ETH.While the Merge upgrade was initially to supposed to include"sharding," the technology that splits the main chain into many shards, this was not the case, as this will not occur until 2023 — hence, the unlikely probability of the Merge reducing ETH fees. As reported by U.
The majority of altcoins and Ethereum tumbled following the release of Consumer Price Index data on Thursday. According to the Labor Department, consumer prices increased 8.2% over the same month last year and 0.4% over August. Indicated by core CPI, which excludes volatile food and energy prices, U.S. consumer prices advanced to a 40-year high in September.
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