The average cost of placing a transaction on the Ethereum blockchain hit $24.74 on Friday, the highest since February 23, when the network observed average costs of $39.49. High transaction fees indicate huge amounts of activity on the Ethereum blockchain. This spike comes a day after the launch of Ethereum’s ‘Berlin’ hard fork upgrade, an improvement which promised to slightly reduce transaction fees. The fork’s modest promises are clearly yet to take effect, and not enough to stem the inflation caused by the surging demand for Ethereum. What’s happening in the Ether? The market for Ethereum is white-hot right now. ... (full story)