Someone has just lost $ 120,000 through a costly mistake with ETH fees

Someone has just lost $ 120,000 through a costly mistake with ETH fees

While the debate about the high gas fees from Ethereum was a major pain point, the recent increase in the middle of the PEPE Memecoin hysteria, which has again put the network under enormous pressure.

retailers pay thousands of dollars for a transaction, since the gas fees from Ethereum have risen over a one -year high.

• In the latest development, a dealer paid 64 ETH for a single transaction on May 8. According to a update from the blockchain tracker "Whale Alert", the user paid around 119.157 US dollar to send Weth only at 84.
• It is important to note that the transaction fees on Ethereum rose much higher in 2021 and are between $ 50 and $ 70. But the numbers have been low since the market collapsed in May 2022.
• The excitement around Pepe can be attributed to the revival of the gas fees.
• Therefore, the average transaction fee on May 5 rose to $ 27.62, a level that was last recorded almost a year ago. Since the introduction of the memoins on April 18, the average gas fees have increased by a whopping 115 %.
• The Mainset is not the only network that is affected by high gas fees. Layer 2S - which were developed to reduce the transaction costs - were not spared because network demand skyrocketed.
• in particular zero-knowledge proof-based (zk) rollups Fees for exchanging tokens rise between $ 2 and $ 11 for solutions such as Polygon ZKEVM, Starknet and ZKSync ERA MINNET.