I'm wondering what has caused this recent spike? enter image description here

1 Answer 1


The increase has mostly been caused by the interest in DeFi (Decentralized Finance). Interest has soared so users are submitting more transactions to participate in DeFi.

Here you can see the increase in interest (the amount of assets locked up in DeFi): https://defipulse.com/ . You can see that in maybe just two months the amount has gone up from 1 billion to over 6 billion. And the amount keeps on rising, so maybe transaction fees will also keep rising - who knows.

  • ETH 2.0 will (hopefully) decrease the tx fees again
    – cqx
    Aug 17, 2020 at 9:25
  • Oh yes, in the far far future :) Aug 17, 2020 at 11:33
  • trades on decentralized exchanges are expensive
    – user610620
    Feb 2, 2021 at 4:11

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.