[Taklimakan Blog] Commissions on the Ethereum Network Have Risen above $1.3 Thousand

This happened against the background of a sharp decline in bitcoin quotes to $30 thousand. Due to the increased load on the network, the crypto exchange Binance suspended the withdrawal of altcoin and ERC-20 tokens for an hour.

Commissions on the Ethereum network rose above $1.3 thousand as a result of the collapse of the crypto market on May 19. On the Uniswap decentralized crypto exchange, commissions for a quick transaction reached $1.35 thousand.

The withdrawal of Ethereum and ERC-20 tokens on the world’s largest crypto exchange, Binance, was unavailable for an hour after the quotes collapse. The site has restored the withdrawal of cryptocurrency. According to the Etherscan service, the average transaction cost on the Ethereum network is $22.4.