Ethereum (ETH) Quarterly Fees Surge 83%, Here's Reason: Report

U.Today
U.Today

30 Jun 2023 2:44 PM

Recently published analytics report shows that ETH fees have grown nearly 90% since last quarter...

  • ETH fees have grown by 83% this quarter, totaling $829 million in May.
  • Meme token speculation, including Pepe Coin, has been a major driver of high Ethereum fees.
  • Pepe Coin secured listings on major exchanges, contributing to its high trading volume and ETH fees.
  • In June, Ethereum fees saw a 16.5% plunge, amounting to $59 million.
  • Recently, Pepe Coin experienced a 61% surge as the crypto market rebounded.

The article provides information about the significant increase in Ethereum fees, driven by meme token speculation. It also mentions the decline in fees in June and the recent surge in Pepe Coin. Overall, the sentiment is neutral, providing factual information without expressing a particular opinion.

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You May Ask

What is the percentage increase in ETH fees this quarter?Which meme tokens are mentioned in the article?What contributed to the high trading volume and ETH fees of Pepe Coin?How much did Ethereum fees amount to in June?What recent growth did Pepe Coin experience?

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