ETH transaction fees are currently extremely high, ERC20 ~ $ 45, Uniswap ~ $ 138

ETH transaction fees are currently extremely high, ERC20 ~ $ 45, Uniswap ~ $ 138

Ethereum loses more than 10% in 24 hours and transaction fees are rising rapidly.


22 Feb 2021 , 19:08 @ Katie Müller

ETH transaction fees are currently extremely high, ERC20 ~ $ 45, Uniswap ~ $ 138

  • Ethereum loses more than 10% in 24 hours and transaction fees are rising rapidly.

Although the second most popular cryptocurrency has managed to achieve the long-dreamed $ 2K, it is now facing a slight correction and, in addition to the loss of value, this was also reflected in the fees.

As you can see from the statistics from Etherscan at the time of writing, the average price for an ERC20 transaction is $ 45 but at the highest priority up to $ 60. 

However, for DEX users, decentralized exchanges on the most popular Uniswap platform, it’s several times higher when you pay an average of $ 138 and up to $ 184 at the highest priority.

Those traders who are moving their ETH in these times thus face a really unpleasant situation when they are forced to calculate and think about what priority and how much they are willing to pay only for the transfer itself.

As for the Ethereum network and its difficulty, it was around 5,225 TH at the time of writing, the average Hash Rate was 410 GH / s.

Read also: 50% of Americans and 42% of Britons think cryptocurrencies are safe

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