As EIP-1559 draws closer, DeFi user pays $36K for one Uniswap transaction.

Home / As EIP-1559 draws closer, DeFi user pays $36K for one Uniswap transaction.

Ethereum fees are at a historic high, but even so, with a gas charge of $36,000 for a single purchase, one Uniswap customer charged way over the current standard.

Crypto twitter was overwhelmed with concerns about the excessive costs for accessing the Ethereum network, but only one DeFi user’s fat fingered error was compounded by the prices.

The ridiculous fee turned out to be a typing mistake because two prices in gwei were manually entered together by the customer. The 500,801 gwei charge was intended to be one (500 gwei) or the other (801 gwei), but not both.

At the time it was made, it came to a whopping 24.94 ETH, or nearly $36,000

Average transaction fees have skyrocketed to an all-time high of around $40 according to Bitinfocharts.com, after surging more than 1,000% since the beginning of the year. Etherscan’s gas tracker is reporting an average of $23.85 for an ERC-20 transfer and $73.79 for a Uniswap swap at the moment.

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