Ethereum gas fees hit $84M last week, thanks to the ERC-404 hype

Aniket Verma

Gas price paid per transaction bounced to levels last seen during the memecoin frenzy of May 2023.
ETH witnessed a minor retracement in the last 24 hours, dropping below $2,800.

Transaction

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Ethereum gas fees hit $84M last week, thanks to the ERC-404 hype