Ethereum transaction uptick sees network gas fees hit multi-month high
Ethereum transaction volume has increased since the beginning of February, with network gas fees hitting a multi-month high.
According to The Block's Data Dashboard, the seven-day moving average for the economic throughput on the Ethereum blockchain has reached a high of over $3.55 billion.
This is an increase of over 15% from a seven-day moving average of $3.08 billion at the beginning of the month. The uptick in transaction volume over the past weeks has caused a spike in Ethereum network gas fees.
