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Ethereum Gas Prices Surge to 8-Month High Amid ERC 404 Trend
Ethereum, one of the leading blockchain platforms, has witnessed a significant surge in gas prices, reaching an eight-month high. The spike in demand and network activity in the Ethereum ecosystem is primarily due to the ERC 404 trend. Since February, Ethereum’s transaction volume has increased, raising network gas prices. The data shows Ethereum’s seven-day economic throughput average exceeding $3.55 billion. More than 15% higher than the $3.08 billion valuation at the start of the month. Ethereum gas prices have skyrocketed due to increased transaction volume. The seven-day moving average of this statistic has ... (full story)
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- Posted: Feb 12, 2024 3:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 212
