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Analyst Blames XEN Transactions For Ethereum Gas Fee Spikes


by CoinEdition
Analyst Blames XEN Transactions
  • Ethereum gas fees reached a 10-month high in the past week.
  • The recent spike in gas fees on the Ethereum network is mainly due to the XEN token.
  • XEN token consumed up to 90% of gas per block in single transactions.

Ethereum gas fees reached a 10-month high in the past week. According to a software engineer with the Twitter identity Cygaar, the recent spike in gas fees on the Ethereum network is mainly due to the XEN token. He noted that the token consumed up to 90% of gas per block in single transactions.

Cygaar then noted the importance of EIP4844 and Layer 2 protocols for scaling Ethereum. According to him, such implementations would prevent situations where single apps will be responsible for spiking gas fees for everyone else using the network.

Further, Cygaar cited a report that describes the EIP4844 upgrade as a viable s…

The post Analyst Blames XEN Transactions For Ethereum Gas Fee Spikes appeared first on Coin Edition.

Read the article at CoinEdition

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Ethereum Faces $4K Wall as Analysts Predict Pullback Before Breakout Ahead

Ethereum Faces $4K Wall as Analysts Predict Pullback Before Breakout Ahead

Cryptocurrency analyst Michaël van de Poppe has warned that Ethereum faces crucial re...
Аналитики назвали GENIUS Act драйвером ралли Ethereum

Аналитики назвали GENIUS Act драйвером ралли Ethereum

Принятие GENIUS Act и спрос на Ethereum со стороны крупных компаний выступают катализ...

Analyst Blames XEN Transactions For Ethereum Gas Fee Spikes


by CoinEdition
Analyst Blames XEN Transactions
  • Ethereum gas fees reached a 10-month high in the past week.
  • The recent spike in gas fees on the Ethereum network is mainly due to the XEN token.
  • XEN token consumed up to 90% of gas per block in single transactions.

Ethereum gas fees reached a 10-month high in the past week. According to a software engineer with the Twitter identity Cygaar, the recent spike in gas fees on the Ethereum network is mainly due to the XEN token. He noted that the token consumed up to 90% of gas per block in single transactions.

Cygaar then noted the importance of EIP4844 and Layer 2 protocols for scaling Ethereum. According to him, such implementations would prevent situations where single apps will be responsible for spiking gas fees for everyone else using the network.

Further, Cygaar cited a report that describes the EIP4844 upgrade as a viable s…

The post Analyst Blames XEN Transactions For Ethereum Gas Fee Spikes appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum Faces $4K Wall as Analysts Predict Pullback Before Breakout Ahead

Ethereum Faces $4K Wall as Analysts Predict Pullback Before Breakout Ahead

Cryptocurrency analyst Michaël van de Poppe has warned that Ethereum faces crucial re...
Аналитики назвали GENIUS Act драйвером ралли Ethereum

Аналитики назвали GENIUS Act драйвером ралли Ethereum

Принятие GENIUS Act и спрос на Ethereum со стороны крупных компаний выступают катализ...