The Ethereum network recorded more than half a million transactions in less than 24 hours. Ethereum has quietly made its way to up in and is growing with the number of users increasing with much attention focused on Bitcoin and the Chinese ICO ban.
The transaction fees tend to remain the same despite the exponential rise in the network usage. The fees are much lesser than any other networks with most transactions carried out at around $0.70, which is much lower than fees on most of the other networks. The transaction is from the mining, ICO investment payments, and exchange trading.
The possibilities for the rise in volume is likely as the hard fork comes online for the Metropolis in the coming time. The first half of the fork, Byzantium, will be brought online starting September 18.
Despite the increase in the volumes of the Ethereum investors, this calls for the need of the solutions shortly in the implementation of Blockchain.