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Gate.io Blog Meme Coins Cause Ethereum Gas fees Jump: Mixed Views on Network Usability

Meme Coins Cause Ethereum Gas fees Jump: Mixed Views on Network Usability

06 May 11:09
BTC/USDT + 8.72%
Introduction
What are gas fees?
Recent spike in gas fees on the Ethereum network
Market reaction to the increase in Ethereum Gas fees
How yield farming and liquidity farming drive the popularity of memecoins
Effects of high gas fees on users and developers
Possible solutions to Ethereum’s high gas fees
Conclusion
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