Daily Transaction Fees on Ethereum Surge to Record US$89M

What happened: Ethereum fees hit $89M on Tuesday, the most ever in one day. According to ETH Gas Station, the recommended amount of gas for a fast transaction (<2 minutes) is 408 gwei. For a standard transaction (<5 minutes), it is 184 gwei. These amounts are not far off all-time highs. Why it matters: Such high gas […]