New highs: Ethereum transfer fees have skyrocketed nearly 15 times, and daily mining income has tripled

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Data Sources:

Data Sources:https://eth.tokenview.com/cn/chart/dailyTxFeeUsd

We judge the current congestion of the Ethereum network by counting the average change in the daily single transaction fee of Ethereum. When the Ethereum network is congested, the transfer speed will slow down, which means we need more time to confirm the transaction, and the unconfirmed transaction (pending transaction) will wait to be packaged in the transaction pool. If you want to package quickly, you need to increase the transaction fee, so that miners will give priority to packaging transactions with higher fees, and transactions with lower fees will be ranked behind until there are no more "commission" transactions ahead. This also means that if your transaction fee is set too low, the transaction may have been pending, and sometimes there is no guarantee that it will be packaged after several weeks.

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Data Sources:

Data Sources:https://eth.tokenview.com/cn/chart/dailyRewardUsd

It can be seen from the figure that as of August 13, the daily mining amount of Ethereum has reached 11.783 million US dollars, which is more than three times higher than the 3.696 million on July 11. That is to say, if a transaction is also packaged, the income of Ethereum miners is more than three times that of a month ago.

As of 18:00 on August 13, the number of transactions pending confirmation on the Ethereum network has exceeded 360,000. Tokenview reminds everyone to increase the handling fee appropriately when transferring funds. At the same time, due to the current high transfer handling fees, when performing USDT transfers, Additional chains are available to reduce costs.