Ethereum Leads in Gas Fees Despite 4-Year Low in Transaction Costs

Ethereum Leads in Gas Fees Despite 4-Year Low in Transaction Costs

Despite a sharp drop in on-chain activity and the lowest transaction costs in over four years, Ethereum still leads the market in overall gas fees, especially in the decentralized finance (DeFi) space. Data from analytics platform Growthepie shows that, with the exception of social apps, Ethereum's Layer 1 blockchain continues to lead in the amount of gas fees ever generated across a variety of industries, including gaming, banking, and non-f...

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