Jan 04 2021

Level-2 scaling project Loopring (LRC) shoots over 50% higher amid Ethereum network congestion

published by Nick Chong
in blog CryptoSlate
original entryLevel-2 scaling project Loopring (LRC) shoots over 50% higher amid Ethereum network congestion

altcoins defi ethusd lrcusd price watch

As the entire crypto market has slingshotted higher over the past day, the Ethereum network has become congested. The average gas fee that users were paying yesterday evening was close to 500 Gwei, meaning that just to send ETH from address to address cost $10. To put 500 Gwei into context, here are a few more statistics: $30 to second an ERC-20 token...

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