Ethereum and Uniswap Gas Fee Issue And Other Altcoins Swap News
Hello Every One I am New In Steemit Commuinty
Bitcoin briefly rested above 12k but really ethereum was leading the charge and rallied over 10 really to bring up the rest of the market unfortunately as you no doubt have seen the ethereum fees have hit a new all-time high we'll take a look at that and what we can do from a couple of different perspectives vitalik buterin ceo of ethereum is also weighing in on the issue
Falcon Token
We have some monthly updates from loop ring and then we'll take a look at some projects including falcon swap that are doing their best to reduce fees on uniswap they've also partnered with dex tools and open predict we have some updates from xdie chain otherwise known as stake again to help reduce gas fees on ethereum we were above 400 billion total market cap we now sit at 397.7 billion as you can see ethereum's come back down a little bit as well
Chainlin And Polka
But still sitting at 470 dollars it was uh closer to the 480 485 range yesterday projects down a percentage point or two largely actually in the form here of chainlink and polka dot they've come down more than anything else binance coins still up 8.7 bitcoin down 1.6 in these last 24 hours i mentioned it was above 12k just a little bit and just briefly yesterday but it now sits at 11 712 with the dominance right now that keeps getting lower and lower 54.4 and actually just before moving on i do want to pay my respects to tron and justin's son the project is up over 21 in these last 24 hours up to now over 3.6 cents u.s
Ethereum Gas Fees
it's up over 57 on the week so tron is one of those projects either love it or hate it we're not discussing it today in any detail but just wanted to mention that nonetheless up 21.6 in these last 24 hours in a down market very impressive okay so despite the positive market movement we've seen some exorbitant fees yesterday with ethereum in fact they've hit a new all-time high where they write about how the sky appears to be the limit for ethereum transaction fees as the median price of transactions touched almost 3.5 yesterday reaching a new all-time high and spiking for the first time since a bug apparently derailed the decentralized finance yam project also total gas fees reached a whopping usd 7.1 million on the 30th of august yam inflated figures saw a total gas fees peak at usd 8.6 million on the 13th of august
Yam Token Market
But just after a bug wiped out 90 of the yam token market capitalization within the space of a few minutes those figures dropped all the way down to just 2.56 million u.s this dip appears to have been very short-lived indeed though with yield farming continuing to grow and eth fee figures starting to skyrocket again beginning on the 28th of august per bit info charts data the discussion point right now for many is that the much awaited ethereum 2.0 launch cannot come soon enough and many hope that this event will finally see gas fees drop to more reasonable levels because they are pretty exorbitant right now