The average transaction fee on Ethereum has soared past the $50 mark, showing an increase of over 2,300% since late June. Only seven days ago, the average transaction fee on ETH was $22.5.
A new report released by the Biden administration notes that stablecoins could transform the way people pay for things, but adds Congress must introduce regulatory oversight and formal market structure as soon as possible to protect and inform investors, issuers, and exchanges.
Data from top non-fungible token (NFT) marketplace OpenSea suggests that momentum within the NFT market is tapering down from the frenzied heights seen over the last few months.
Sponsored: You’ve probably heard all about Curve Finance, the popular decentralized exchange for stablecoins, but may be put off by having to manage another on-chain wallet. Bybit has simplified the process for users like you, so you can get easy access to DeFi on Bybit.
Top stories in the Crypto Roundup today:
- Ethereum Gas fees up 2,300% Since June
- Stablecoins Need Regulation, Says Biden Administration Report
- NFT Marketplace OpenSea Sees Volume Drop 12%
- The Future of Lido Finance
- Sponsored: Check Out The Newest Liquidity Mining Pool on Curve Finance