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BlazeFalcon🔵🍄

@shahinm222

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A surge in fees due to unprecedented on-chain activity The spike in transaction fees on the Ethereum network is primarily due to an explosion in on-chain activity. Indeed, the number of active addresses on Ethereum has seen a 29% increase over the past few weeks. This increase in active addresses reflects the enthusiasm of traders and investors for DeFi applications and DEX transactions. Furthermore, new addresses registered on the network have jumped by 43%, a figure that shows growing interest in the Ethereum ecosystem but also exacerbates network congestion. In parallel, volumes traded on DEX platforms have reached new heights. Thus, within 24 hours, nearly $978 million worth of Ethereum was traded on these platforms, with a weekly volume exceeding $8.38 billion. This intense activity leads to block saturation, making transactions longer to confirm and thus more expensive. Such a situation creates a dilemma for everyday users, who find themselves caught in a spiral of ever-increasing gas fees.
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