Data: Ethereum trading volume rise leads to network Gas fees reaching a several-month high

ChainCatcher news, according to The Block data, since the beginning of February, the transaction volume on the Ethereum network has increased, and the network Gas fees have reached their highest level in months. Data shows that the seven-day moving average of Ethereum's transaction volume has exceeded $3.55 billion, an increase of over 15% from the $3.08 billion at the beginning of the month. This growth has led to a significant rise in Ethereum network Gas fees over the past few weeks, with the seven-day moving average now exceeding $11, a level not seen since mid-December 2023.