Category: Transaction Fees

Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction

Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction

(Djjeep_Design/Shutterstock) A crypto market participant has accidentally paid a fee 80 times the transaction value while executing a swap on the DeFi liquidity protocol Uniswap. About 14 hours ago, the address “0xe6e2e0cf5d2686d73abd7d3ba24f46ad5eb31819” – claimed by Reddit user “ProudBitcoiner” – swapped 0.2955 wrapped ether (WETH) for 531 chi gastoken (CHI) (worth $120) on Uniswap and paid […]

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‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low

‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low

Oct 19, 2020 at 11:30 UTCUpdated Oct 19, 2020 at 14:01 UTC ‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low Bitcoin’s (BTC) on-chain transaction activity has cooled amid the recent lull in price action, and that’s hurting miners’ earnings. The cryptocurrency’s blockchain processed 231,437 transactions on Oct. 18, the lowest since May 24, […]

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