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Meme Token Frenzy Drives up Ethereum Fees, Testing Networks Scalability

Meme Token Frenzy Drives up Ethereum Fees, Testing Networks Scalability
© Copyright Image: Crypto Breaking News

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 [] Source: Bitcoin.com

The post Meme Token Frenzy Drives up Ethereum Fees, Testing Networks Scalability appeared first on Crypto Breaking News.

Read more: https://www.cryptobreaking.com/meme-token-frenzy-drives-up-ethereum-fees-testing-networks-scalability/

Text source: Crypto Breaking News

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Crypto Breaking News
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Sat, 09 Mar 2024
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