Ethereum Fees Reach The Highest Level Since May 2022 Due To Memecoins Hype

  • This week, average transaction fees on the Ethereum network reached levels not seen since May 2022.
  • The rise in transactions is said to be the result of the recent hype of memecoins.
  • The Shapella upgrade is also one of the factors that increase the number of transactions on the blockchain.

@sakchase