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Monday, February 3, 2025

For A Transfer In The Amount Of $ 100 Thousand, A Commission Of $ 23 Million Was Charged From The Crypto Exchange

The commission may become a record in the Ethereum blockchain, for a transfer of $ 100 thousand USDT was charged 236 times more.

Cryptocurrency exchange Bitfinex transferred $ 100 thousand USDT stablecoins on the Ethereum network to the address of the Deversifi decentralized trading platform.

According to Etherscan , the transaction fee was 7.67 thousand ETH ($ 23.6 million at the time of the transfer). The commission exceeded the transfer amount by 236 times.

According to The Block , Deversifi specialists are investigating the reason for such a high commission on the Ethereum network.

The publication notes that this commission may become a record in the blockchain of the largest altcoin in terms of capitalization.

Last week, a buyer of 10 non fungible tokens (NFT) from TIME magazine paid more than $ 70K in fees at an NFT price of 1 ETH ($ 3.1K at the time of purchase).

Ethereum network fees are calculated based on the network load.

The more transactions the blockchain needs to process, the greater the commission will be.

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