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

   crypto Cryptocurrency dex swaps ERC20 token ERC20 transfer ETH ETH fees Ether Ethereum Ethereum Fees etherscan.io Gas L1 L2 News    March 9, 2024  |  0

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 […]  Read more »
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