Sunday Gas Wars: Ethereum Gas Prices Spike After NFT Frenzy
Ethereum gas prices spiked on Sunday as collectors, bots and apes raced to get their hands on newly launched NFT projects. Gas fees, which briefly hit 600 gwei on Sunday due to demand, were reminiscent of a time when triple-digit gas fees were the norm. Gas fees for minting an NFT cost around $160. Yet,…
By: yyctrader •
Blockchains
Ethereum gas prices spiked on Sunday as collectors, bots and apes raced to get their hands on newly launched NFT projects. Gas fees, which briefly hit 600 gwei on Sunday due to demand, were reminiscent of a time when triple-digit gas fees were the norm. Gas fees for minting an NFT cost around $160. Yet,…
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