Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction
A Reddit user said they accidentally paid a fee 80 times the transaction value while executing a swap on Uniswap.
Related News
Over the summer months, Ethereum transaction fees ran hot, causing the DeFi trend and Uniswap token swapping boom to finally run out of steam. But as transaction fees begin to pick up again after a period of inactivity and downtrend, could it be a signal that another phase of DeFi dominance is about to start? […]
On-chain data shows that Bitcoin has flipped Ethereum in another metric, as the transaction fees paid on the BTC network are now higher than those paid on the ETH network. Bitcoin Total Transaction Fees Is Now Higher Than Ethereum’s As pointed out by analyst James Van Straten in a post on X, the Bitcoin transaction […]
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode, ethereum (ETH) miners have also seen a corresponding sharp drop in total earnings from fees over the past three weeks. On Sept. 17, miners raked in 42,763 ETH, or $14.97 million, in fees, but that tanked to just 5,898 ETH, or $2.06 million, as of Sunday. As a percentage of miners’ total revenue,....
In just another Monday on Crypto, users reported that Bitfinex paid a single miner the astonishing sum of $23 million to validate an Ethereum transaction. In what could potentially be the largest fee an ETH miner has ever received to validate a block, the reasons behind it remain as pure speculation. The crypto exchange sent […]
The bitcoin developers are about to reduce the transaction fees on the bitcoin network tenfold, thanks to the relatively high value of the digital currency. Transaction fees are small amounts paid to send bitcoin transactions around the network (think of them like postage stamps) and to get miners to confirm them by including them in a mining block. They're paid in satoshis (tiny amounts of bitcoins), which means that as the price of bitcoin rises, the transaction fees get higher. Recent fluctuations in the bitcoin world may have set the price yo-yoing, but that doesn't mean that it isn't....