Tag: median-sized fees

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Bitcoin Blockchain Clears Over 187,000 Unconfirmed Transactions Since Last Week

July 6, 2023

Throughout the past week, the Bitcoin blockchain has successfully confirmed over 187,000 unconfirmed transactions, as shown by recent statistics. This has not only reduced a significant portion of the congestion but also led to a decrease in onchain fees within the same period. Bitcoin Fees and Unconfirmed Transactions Slide Lower Although Bitcoin’s backlog of transactions…
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Ethereum Gas Fees Spike as ETH Value Rises: Average Onchain Fees Jump by More Than 50%

January 19, 2023

While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93 per transfer, but today the average…
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