Ethereum transaction volume has increased since the beginning of February, with network gas fees now at a multi-month high.
Ethereum transaction volume has increased since the beginning of February, with network gas fees hitting a multi-month high.
The uptick in transaction volume over the past weeks has caused a spike in Ethereum network gas fees. The seven-day moving average of this metric has increased to a multi-month high of over $11. This is an elevated level not seen since mid-December 2023, according to The Block's Data Dashboard.
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