![Crypto-Frenzy-Passes-Without-Sending-Ethereum-Fees-Sky-High-in.jpg Crypto Frenzy Passes Without Sending Ethereum Fees Sky High, in Win for Layer 2s](https://cryptotoptrends.com/wp-content/uploads/2023/08/Crypto-Frenzy-Passes-Without-Sending-Ethereum-Fees-Sky-High-in-678x381.jpg)
“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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