The Ethereum transaction fees drop by 80 %, since Pepe falls into the Sleeping Beauty

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Die Gasgebühren für Ethereum stiegen auf den höchsten Stand seit 2022, nachdem im Mai das Memecoin-Comeback stattfand, das durch das Aufkommen des Altcoins mit dem Thema „Pepe der Frosch“, PEPE, vorangetrieben wurde. Dieser Trend scheint sich jedoch aufgrund des nachlassenden Interesses an PEPE verlangsamt zu haben, obwohl sich mehrere Investoren über Nacht in Millionäre verwandelt haben. Laut neuen Daten des On-Chain-Analyseunternehmens IntoTheBlock sind die gesamten Ethereum-Transaktionsgebühren allein diese Woche um mehr als 16 % gesunken. Die gesamten Ethereum-Transaktionsgebühren sind diese Woche um 16,5 % gesunken! Die Meme-Token-Manie vom Mai, die den jüngsten Gebührenanstieg befeuerte, scheint in die Geschichte der Kryptowährungen …
The gas fees for Ethereum have risen to the highest level since 2022, after the Memecoin comeback took place in May, which was promoted by the advent of the old coin with the topic "Pepe der Frosch", Pepe. However, this trend seems to have slowed down on Pepe due to the estate interest, even though several investors have turned into millionaires overnight. According to new data from the on-chain analysis company Intothlock, the entire Ethereum transaction fees have dropped by more than 16 % this week alone. The total Ethereum transaction fees fell by 16.5 % this week! Meme token mania from May, which fueled the recent increase in fees, seems in the history of cryptocurrencies ... (Symbolbild/KNAT)

The gas fees for Ethereum have risen to the highest level since 2022, after the Memecoin comeback took place in May, which was promoted by the advent of the old coin with the topic "Pepe der Frosch", Pepe. However, this trend seems to have slowed down on Pepe due to the estate interest, although several investors have turned into millionaires overnight.

According to the new data from the on-chain analysis company Intothlock, the entire Ethereum transaction fees fell by more than 16 % this week alone.

The entire Ethereum transaction fees fell by 16.5 % this week! The meme token mania from May, which fueled the recent increase in fees, seems to penetrate the history of cryptocurrencies. pic.twitter.com/qukgve8wnm

- Intotheblock (@intotheblock) 2. June 2023

  • When zooming out, the transaction fee decreased by $ 28.62 on May 5 to $ 5.50 on June 4th. The value is currently moving near a level that was last observed in mid -April.
  • The latest development is a great relief for the blockchain, the critics of which have always regarded the exorbitant gas fees as their "fatal mistake".
  • Apart from the Mainnet, the Layer 2 scaling solutions from Ethereum during the Memecoin Renaissance were also affected by the rising transaction fees last month.
  • remarkable tips were observed in particular in chains, which were created with zero-knowledge-proofs such as Polygon Zkevm and ZKSync ERA. In fact, the costs of a single transaction in these rollups were between $ 2 and $ 11 and temporarily rose to up to $ 30.
  • pepes market capitalization, on the other hand, recorded a significant decline in $ 1.15 billion to $ 450 million last month.
  • The price dropped by over 60 %in the same period, although the listing of leading crypto exchanges, including Binance, was supported.
  • In addition to Ethereum, the Memecoin frenzy of the Bitcoin network, which is led by Ordinals inscriptions, has also decreased significantly in the past few weeks. As a result, the transaction fee in the network was back at the level of mid -April.

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