Kek pic.twitter.com/NFXqtivIo3
— Anthony Sassano | sassal.eth 🏴 (@sassal0x) February 22, 2021


$105,153.00
4.24%$2,410.47
7.71%$2.15
7.00%$639.54
3.57%$143.61
8.34%$0.999902
0.01%$0.273938
3.60%$0.163228
7.61%$2,409.68
7.61%$0.579655
6.91%$105,069.00
4.19%$37.17
4.41%$2,906.88
7.95%$2.82
14.02%$459.23
1.59%$12.89
10.98%$9.13
0.76%$0.24505
6.95%$18.08
9.05%$0.999844
0.00%$2.91
6.36%$47.82
-0.73%$0.0000116
9.45%$0.152497
13.01%$84.92
5.27%$2,410.31
7.62%$1.001
0.20%$2,580.43
7.76%$307.18
1.93%$1.001
-0.03%$3.41
8.70%$4.17
3.14%$105,200.00
4.29%$0.00000991
11.75%$6.82
8.37%$0.533655
5.31%$256.98
12.05%$1.18
0.05%$352.05
14.92%$51.80
-3.24%$1.00
0.00%$4.35
10.97%$1.056
0.02%$0.08517
5.55%$4.94
7.86%$2.12
11.91%$173.86
8.42%$16.45
8.18%$0.757502
12.25%$1.001
0.21%$27.28
-0.11%$0.610147
4.60%$16.43
3.00%$0.073964
14.82%$4.44
-0.05%$9.27
6.33%$0.0215301
11.25%$4.04
8.61%$0.690981
17.73%$0.082718
12.87%$104,990.00
3.89%$0.271475
12.74%$3.19
14.76%$0.181151
5.14%$0.179396
11.73%$0.926155
11.51%$2.25
8.15%$1.001
0.28%$0.301763
11.36%$4.36
4.29%$2,410.79
7.89%$1.00
0.04%$0.260848
29.24%$98.24
9.52%$1.002
0.28%$11.06
2.83%$151.99
8.54%$0.40483
16.75%$1.19
8.56%$0.203895
5.84%$0.017215
6.75%$2,743.95
7.65%$1.20
17.65%$2,524.87
7.67%$0.00001407
14.35%$1.59
14.45%$1.65
19.70%$11.02
12.50%$0.320356
17.47%$1.015
7.78%$1.001
0.04%$1.001
0.12%$0.640664
14.37%$0.547705
12.17%$0.05882
5.34%$0.999889
0.03%$3.11
5.80%$2,574.93
7.44%$2,529.96
7.66%$1.11
0.00%$3,371.30
-0.84%$639.93
3.71%$104,948.00
4.06%$0.83427
20.49%$3,355.13
-0.82%$106,035.00
3.74%$0.517432
9.37%$0.082202
12.15%$2,541.56
8.23%$104,994.00
4.07%$0.580355
8.59%$0.418324
15.82%$160.52
8.60%$2.10
5.19%$111.54
0.02%$187.00
8.43%$0.00007333
14.84%$2.19
8.86%$0.835296
7.51%$2,603.94
7.83%$0.674318
12.79%$41.64
8.96%$0.999253
0.09%$0.01015302
1.04%$0.710271
8.15%$1.086
0.20%$0.01398218
11.69%$0.257214
10.52%$0.162761
10.98%$18.81
10.48%$0.00991402
15.51%$0.0128712
16.51%$0.233636
9.76%$30.79
5.45%$0.997759
-0.01%$0.00000061
7.69%$104,761.00
4.16%$1.98
6.72%$3.59
9.88%$0.429538
12.25%$0.533776
8.53%$104,934.00
4.05%$0.095756
12.12%$2.05
11.11%$37.16
4.32%$2,408.12
7.88%$0.331415
9.12%$0.522675
5.94%$2,409.74
7.94%$0.486845
11.98%$104,985.00
4.14%$1.00
0.07%$2,574.01
7.30%$2,521.71
7.30%$0.261566
10.56%$0.618837
10.08%$1.00
0.27%$1.37
9.80%$0.01413204
8.80%$2,410.91
7.65%$0.42362
4.18%$7.86
1.38%$47.56
6.10%$0.061173
0.36%$0.999903
0.01%$2.35
7.58%$0.04351972
20.81%$37.14
4.12%$0.999605
-0.02%$0.162812
38.03%$0.418894
12.44%$1.36
16.76%$0.163146
7.77%$1.091
0.04%$0.993261
-0.30%$0.0000004
2.54%$5.59
11.25%$1.001
0.04%$0.00424626
25.14%$1.002
-0.01%$0.00665881
19.21%$13.59
12.55%$2,408.28
7.74%$0.323859
17.64%$0.114341
11.34%$0.00001886
8.59%$0.517476
9.38%$2,561.22
7.89%$2.26
10.35%$0.980625
15.38%$0.00423104
19.55%$0.488699
10.44%$0.00000091
24.84%$1.15
13.57%$0.069453
9.20%$0.354545
4.80%$0.139218
18.74%$0.03510181
4.62%$0.344973
5.94%$0.165869
-2.29%$1.42
10.13%$5.24
7.45%$0.0351996
9.28%$1.17
3.83%$2,656.75
7.86%$0.00328186
19.75%$104,933.00
4.26%$105,351.00
4.81%$19.72
1.96%$0.01671574
3.35%$2,635.44
7.55%$1.00
0.01%$0.999671
0.03%$1.001
0.20%$0.03150126
2.90%$156.54
8.37%$2,409.92
7.90%$0.00005561
6.24%$0.999897
0.03%$1.10
13.52%$10.01
3.79%$0.7076
5.45%$0.300915
16.42%$0.445589
7.71%$2,411.32
7.65%$0.721209
22.55%$109.31
8.11%$0.00339152
8.26%$0.06114
13.09%$105,210.00
4.62%$18.08
9.22%$0.00000134
2.14%$1.001
0.32%$1.68
-1.01%$0.597486
7.98%$0.598878
16.87%$0.00514012
13.29%$103,401.00
9.05%$1.017
0.14%$2,111.50
4.19%$0.181198
5.02%$102,807.00
4.40%$0.181978
8.56%$0.0036684
17.32%$6.05
9.80%$14.76
8.74%$0.999582
0.02%$0.081176
27.89%Ethereum (ETH) transaction fees have skyrocketed above $50 as the crypto market plunged into the red zone today. In the last 24 hours, ETH’s price has dipped to around $1,700, down over 12% on the day.
But for those who want to move their Ethereum, or trade on decentralized exchanges (DEXs), they’ll need to pay hefty sums.
According to metrics platform Etherscan, Transaction fees have surged to 1,450 Gwei (the unit in which Ethereum’s gas prices are measured), which equates to more than $50 for a high-speed transaction.
Kek pic.twitter.com/NFXqtivIo3
— Anthony Sassano | sassal.eth 🏴 (@sassal0x) February 22, 2021
For an average-speed transaction users have to pay some $30 at press time—but their transfer will be confirmed in less than a minute. Even fees for low-speed ETH transactions have spiked to around $26, with these expected to take over an hour to get confirmed.
“Low," "average" and "high” refer to rough categories for how long a transaction is expected to take. It’s useful for measuring how much you need to spend on a transaction depending on how quickly you want it to take place.
For decentralized finance (DeFi) users, however, the prices are much worse. One transaction on Uniswap, Ethereum’s most popular DEX, currently costs anywhere between $217 and $286 in fees, depending on its priority. So, unless you’re trading a lot more than this, it’s probably not worth it.
Even transfers of Ethereum-based tokens are quite expensive today—between $70 and $93, Etherscan’s data shows. These are tokens that run on the Ethereum network but are not ETH themselves. Since transactions of Ethereum-based tokens are processed using smart contracts, they are more expensive.
In this light, it’s hardly surprising that Ethereum users are flocking to alternative networks, irrespective of how centralized they are—such as Binance Smart Chain.