Ethereum Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market

ethereum gas fee surges to 12 month high as pepe frenzy grips market
ethereum gas fee surges to 12 month high as pepe frenzy grips market 1

The daily median gas price, or transaction cost, hit a 12-month high of 87 gwei (one gwei is a billionth of an ether) early this week. The value has increased more than 50% since the launch of the PEPE token on April 18, according to pseudonymous analyst @hildobby’s Ethereum Gas tracker on Dune Analytics. At one point on Monday, the one-minute median gas price surged well past 150 gwei.

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