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

by Index Investing News
March 9, 2024
in Cryptocurrency
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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 […]



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Tags: DrivesEthereumFeesFrenzyMemeNetworksscalabilityTestingtoken
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