Ethereum rose 🚀 by more than $400 on December 4th to record a new yearly high of above $1,160 as its market cap breached the $100 billion mark in nearly three years as well.

Why did Ether soar

🔹The upcoming launch of Ether Futures by CME is one of the key reasons for the ETH price growth. Another one could be the reserves of ETH on exchanges declined to historic lows.

Gas Fee Spike Makes Uniswap Nearly Unusable

🔹As the price of ETH surged late Sunday, the gas fee for processing transactions spiked too, costing an average of $155 to process a transaction. This also led to a great blockage on Uniswap, a popular DEX platform used for swapping tokens primarily in the defi ecosystem.

More Ethereum stats: 👉 https://cryptorank.io/price/ethereum

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