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Ethereum transaction fees are running sky-high. That's infuriating users and boosting rivals like solana and avalanche.
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Transaction fees on the ethereum blockchain are running red hot as NFT-mania clogs up the network.
It's a problem that's infuriating people and sending many looking elsewhere, to cheaper blockchains such as solana and avalanche.
Some even think it could be an existential threat to a cryptocurrency network that bills itself as the future of finance.
The ethereum network runs ether, which has a total market value of more than $500 billion, making it the world's second-biggest cryptocurrency after bitcoin.
But the network is also at the centre of the modern crypto ecosystem. It's the foundation on which non-fungible tokens (types of crypto collectibles) and decentralized finance are built. Both NFTs and DeFi are now huge
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Ethereum transaction energy use equals to 2.5 miles in a Tesla Model 3, report cointelegraph.com /2 years ago
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