In summary: Ethereum has long been known for high gas fees during times of network congestion. The DeFi boom and related stablecoin activity are two reasons for Ethereum’s current congestion that results in high ETH fees. Developers are working on scaling solutions to solve this issue as well as other EIPs to cap Ethereum gas fees. However, the high fees are actually bullish for ETH in the sense that users are willing to pay them. Users of Ethereum who wish […]
