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Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability
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Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability

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Source: Bitcoin.com

Meme Token Frenzy Drives up Ethereum Fees, Testing Network's ScalabilityAmid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $66. Transfers and Dex Swaps Costlier as Ethereum […]

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Author: Jamie Redman

Related posts:

  1. Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel
  2. Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
  3. Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days
  4. Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper
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