Crypto Frenzy Passes Without Sending Ethereum Fees Sky High, in Win for Layer 2s

Crypto Frenzy Passes Without Sending Ethereum Fees Sky High, in Win for Layer 2s

“Earlier, gas fees on Ethereum would spike during periods of high activity (high volatility events, NFT launches),” Messari’s Goel said. Now, the overall Ethereum ecosystem – broadly writ, including its associated layer-2 networks – “is able to support much higher transaction volume.”

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