Is a New Exchange to Blame for Ethereum’s Network Congestion?47.66

When demand for Ethereum rises, so do the gas prices — but what is causing them to rise in the middle of a bear market? A new exchange may be to blame.

Congestion in the Ethereum network has skyrocketed during the past few days, causing a dramatic hike in gas prices. The present average gas price is competing with the highs of January — even though transaction volume is down over 50 percent.

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