<p>Ethereum transaction or gas fees reached an all-time high of $6.87 million yesterday, August 12, according to The Block Research.</p> <p>The previous all-time high was during the market peak of 2017 — $4.55 million. The recent surge in Ethereum fees suggests that users are willing to shell out higher amounts to get their transactions completed in a period of decentralized finance (DeFi) boom.</p> <p><img src="https://slack-imgs.com/?c=1&amp;o1=ro&amp;url=https%3A%2F%2Fpbs.twimg.com%2Fmedia%2FEfR_dx0XkAAHMjZ.jpg" /><br /> In comparison, Bitcoin transaction fees have remained low. They were $1.43 million in total yesterday, which is 4.8 times lower than Ethereum fees on the same day.<br /> <img class="aligncenter size-large wp-image-74805" src="https://www.tbstat.com/wp/uploads/2020/08/image-103-1117x675.png" alt="" width="1117" height="675" /></p>