Stuck on Uniswap: Average Ethereum Transaction Fees Spike Above $10

oliverchloe
2022-10-21 11:40:02

Stuck on Uniswap: Average Ethereum Transaction Fees Spike Above $10
According to data from the monitoring resource Ycharts, the average fees on the Ethereum network have surged recently to above $10. This development came following months in which the gas paid sat below $5.
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Nevertheless, exceeding $10 means that the average fees have increased to their highest levels since September 2020.

AndreasMAntonopoulos
2022-10-21 11:40:30

I think pricing gas using fiat value isn't fair. A $10 value could be just under $1 when ETH is trading at $100 but it's the same if you look at it in GWEI. Gas is behaving pretty much the same since Uniswap's introduction. Another factor that makes interaction with edecentralized applications is the fees like slippage.