Ethereum miners raised $ 1 million in commissions in an hour amid the launch of the UNI token
Ethereum miners today updated their recent record for earning commissions within one hour. According to Glassnode, their commission income reached $ 938,000 after the Uniswap token distribution began..
“After Uniswap announced the launch of UNI, Ethereum experienced a sharp increase in fees collected by miners. Almost $ 1M was spent on commissions in one hour! – writes Glassnode. – This is a new record, if you do not take into account the abnormal commissions recorded earlier this year “.
“I know the markets are growing and all, but the suitability of Ethereum for use today is absolutely monstrous,” says Three Arrows Capital co-founder Su Joo..
Indeed, according to Glassnode, the median gas price on the Ethereum network jumped to a record 700 Gwei against this background, after returning to relatively moderate values since the beginning of the month..
Users who made trades on Uniswap before September 1, regardless of size, were able to receive an airdrop of 400 UNI. Already at the start of trading, 400 UNI was equivalent to about $ 1,000, and after listing on Binance and Coinbase, the price briefly rose above $ 4. This explains the sharp demand for sending transactions on the network of the second largest cryptocurrency and the willingness of users to spend several tens of dollars on commissions. At the same time, transactions with lower fees remained in the queue for a long time and often ended in error..
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