Gas fees are a payment made to miners for processing transactions on a blockchain network. They are typically calculated based on the complexity of the transaction and the current demand for block space. Ethereum gas fees can be a significant expense for users, especially on networks with high traffic.
In recent months, gas fees on Ethereum have reached higher. Meanwhile, this could be due to several factors, including the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs). DeFi applications and NFT marketplaces often require users to execute multiple transactions, which can drive up gas fees.
Top Gas Guzzlers
In the realm of gas consumption accounts, recent data from Nansen highlights Uniswap: Universal Router as the top performer, witnessing a remarkable 47% surge in the last seven days. Following closely are Wrapped Ether: WETH Token, showing a 35% gain, and CoinTool: XEN Batch Minter with an impressive 140% increase.
In the top gas guzzlers by entities, Uniswap em
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