Ethereum is one of the most widely used blockchains in the crypto space. An increasing number of users enter the network each day. Amidst this, there have always been growing concerns about ETH fee rates. Fee rates have usually gone up in times of high network congestions. But recently, with the growing popularity of NFTs, these fees have gotten out of control.

Since it takes significantly more to mint an NFT, normal ETH transaction fees have gone up in order to be able to send. This has driven the fees that the average user has to pay. Recent upgrades have also not helped this issue. London Hard Fork and EIP-1559 have not kept fees down. Rather, fees have skyrocketed since the upgrade. SOURCE Ethereum Gas Fees Skyrocket, Is This The Season Of The “ETH Killers”? | Bitcoinist.com

By block head

Block Head is a blockchain journalist.