Ethereum Transactions Surge to Record Highs as Gas Fees Plummet
The Ethereum network is experiencing a surge in activity, with daily transactions reaching an all-time high. According to reports, the seven-day moving average of daily Ethereum transactions has nearly doubled compared to its value from one year ago. This increase in transaction volume coincides with a drop in gas fees, which have fallen to record lows. The development suggests increased efficiency and affordability within the Ethereum ecosystem, potentially driving further adoption and use of the network.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.