Summary
- Ethereum network fees have surged by 185% this week.
- IntoTheBlock stated that the increase in Uniswap trading volume is the cause of the fee surge.
- Ethereum reportedly generated $2.48 billion in revenue from fees last year.
Ethereum (ETH) network fees have surged by 185% this week.
On the 24th, blockchain analytics firm IntoTheBlock reported on X (formerly Twitter) that "Ethereum fees have surged by 185% this week," adding that "Uniswap (UNI) trading volume also spiked over the weekend." The analysis suggests that the increase in trading volume on the decentralized exchange Uniswap has led to higher network fees.
Meanwhile, Ethereum reportedly generated $2.48 billion in revenue from fees last year.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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