ERC-404 Craze Leads Ethereum Gas Fees to Reach 8-Month High
Ethereum network gas fees reached an eight-month high amid a frenzy of interest for a new, unofficial experimental token standard ERC-404.
The price of Ethereum network gas fees increased to 377 gwei, the highest amount since May 12, 2023.
The surge in Ethereum gas fees amid the ERC-404 craze underscores the growing demand for innovative token standards on the Ethereum network.