Ethereum Gas Surge: ERC-404 Token Interest

Ethereum Network Gas Prices Surge to Eight-Month High Amidst Rising Interest in ERC-404 Tokens

Gas prices on the Ethereum network reached their highest level in eight months on February 9th, driven by the growing popularity of non-standard ERC-404 tokens. The average gas cost surged to 70 gwei, equivalent to $60 per transaction, while maximum charges spiked to 377 gwei.