Chinese cryptocurrency journalist Wu Blockchain, In his post today, the world’s largest cryptocurrency He said that the exchange Binance pays a high amount of gas fees for its transactions.
According to this Binance during his transactions 530 ETH In other words, he paid nearly $1 million in gas fees.
The gas fee on the Ethereum mainnet increased from 6 gwei ($0.17) to 332 gwei ($11.2).
The reason for this ‘Binance 14’ While it was stated that it was caused by a large number of transactions in the wallet, Binance said that it was due to wallet collection to facilitate users’ withdrawal transactions and ensure the security of funds.
Binance responded that it was doing the wallet aggregation process when gas fees were low, in order to facilitate users’ withdrawals and ensure the safety of funds.
— Wu Blockchain (@WuBlockchain) September 21, 2023
*This is not investment advice.
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