Assessing the ‘why’ behind ETH’s gas price spike due to Binance

Ethereum’s gas fees spiked due to Binance’s Proof-of-Reserves endeavors Activity on the network increased, however, sentiment against Ethereum declined Over the last few days, there was a massive spike in Ethereum’s [ETH] gas fees and gas spent. This massive spike was caused by Binance moving large amounts of Ethereum for their Proof-of-Reserves endeavors.  Read Ethereum’s […]

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December 11, 2022 at 10:30PM