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Binance Reports Massive Ethereum Gas Fee Utilization Here’s Why

Binance Reports Massive Ethereum Gas Fee Utilization Here’s Why

While the world’s first cryptocurrency, Bitcoin, has lost its grip over the important price level of $22,000, the lead altcoin, Ethereum, to has suffered a pullback. Recently, Ethereum had made a monthly high of $1655, but with the scheduled FOMC meeting on July 27, Ethereum has plunged by 13%. At the time of publication, Ethereum is selling at $1,414, with a fall of 8.16% in the last 24hrs. Alex Svanevik, CEO at Nansen, a blockchain analytics firm, claims that as Ethereum’s gas fee has dropped, Binance has popped in to take advantage of this as the exchange is moving its […]