Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
6 Jul 2021 Acquired Ethereum
“I think in 2017, it hits maybe $13 per transaction you have to pay, then that dives down a little bit, and then at the peak it's $70.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 6 Jul 2021
- Publisher
- Acquired
- Episode
- Ethereum
Transcript context
…It’s supply-demand. Effectively, your CPU still has the same clock speed, but now there's a kajillion people that want to do stuff on that CPU. It goes from a de minimis amount in gas fees that you have to pay in 2015, 2016. I think in 2017, it hits maybe $13 per transaction you have to pay, then that dives down a little bit, and then at the peak it's $70. In the last few months here, DeFi has just totally taken off. DeFi involves lots of transactions. Decentralized finance. There is no application that requires more transaction throughput than high frequency trading, lending all that stuff.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.