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MainNewsAnalyst Blam...

Analyst Blames XEN Transactions For Ethereum Gas Fee Spikes


Apr, 24, 2023
1 min read
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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MainNewsAnalyst Blam...

Analyst Blames XEN Transactions For Ethereum Gas Fee Spikes


Apr, 24, 2023
1 min read
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 Observes a Breakout as Bearish Trend Extends: Can Bulls Step In?

Ethereum Observes a Breakout as Bearish Trend Extends: Can Bulls Step In?

During Asian trading hours, Ethereum opened the market with a price value of $1,576.5...
Apr, 22, 2025
2 min read
by TheNewsCrypto
XRP attracts investors with $37.7 million weekly ETP inflow amid tepid market

XRP attracts investors with $37.7 million weekly ETP inflow amid tepid market

Digital asset investment products recorded a modest $6 million in inflows last week, ...
Apr, 22, 2025
2 min read
by CryptoSlate