Gas fees on the Ethereum network surge to 40.136 Gwei, impacting stakeholders.
Higher transaction costs boost interest in Layer 2 solutions.
Mainnet users face increasing fees, affecting DeFi activity.
Gas fees on the $ETH network surge to 40.136 Gwei, impacting stakeholders. Higher transaction costs boost interest in Layer 2 solutions. Mainnet users face increasing fees, affecting DeFi activity.
$ETH network gas fees soared to 40.136 Gwei, impacting major stakeholders as reported by Etherscan. ChainCatcher highlighted the event, underscoring the implications for Ethereum users. "As increased gas prices reinforce the necessity for scalability, the ongoing work towards sharding and L2 solutions remains a top priority," said Vitalik Buterin, Co-Founder of Ethereum. This recent increase challenges DeFi protocol activity on Ethereum. The event accentuates the necessity for Layer 2 solutions like Arbitrum and Optimism.
