Ethereum Network Fees Surge To $5.72, Arriving At Highest Levels Since July 2023

Ethereum network fees have experienced a prominent increase, coming to $5.72 per transaction, denoting the highest point since July 2023. On-chain analytics provider Santiment attributes this rise to Ethereum’s new surge beyond $2,000 and a concurrent increase in network activity. Despite the increase, transaction fees are considered reasonable when contrasted with the peak average fee […]