Cryptocurrency
Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability helobaba.com
![Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability helobaba.com 1 aws4 requestX Amz Date20240309T160954ZX Amz SignedHeadershostX Amz Expires600X Amz Signature9952b6f8b37f8decf75d0b2986256d83859aacfb8fc16df09478926a553ccdbb](/wp-content/uploads/2024/03/aws4_requestX-Amz-Date20240309T160954ZX-Amz-SignedHeadershostX-Amz-Expires600X-Amz-Signature9952b6f8b37f8decf75d0b2986256d83859aacfb8fc16df09478926a553ccdbb.jpeg.webp)
Amid 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 […]