02:28 Tuesday , August 07th 2018

The Ethereum network is once again undergoing what looks like a spam attack. A single address is sending and receiving transactions, consuming 24.85% of the gas, based on data from the Ethereum gas station. This was the peak value in the early hours on Tuesday UTC, and later the transactions started to gradually decrease their gas use. The Ethereum network is seeing a relatively high level of transactions in the past 24 hours, though still below 700,000. The price for fast transactions was raised slightly, though the safe cost for a transaction remains $0.017. However, in case someone wants a faster transaction, the fees may be higher.