damtraung8
New member
Congestion on the ETH network has reduced, but not before a gas mint action led to increased fees. Ethereum fees rose by 57.8% during the mentioned period, generating $47 million. Surprisingly, VMPX contributed 18% of the fees, despite being a newly-launched cryptocurrency acting as a bridge liquidity token between BTC and ETH. However, there were discussions about the artificial demand for VMPX's gas usage. Wrapped Ethereum (WETH) accounted for the highest distribution, as VMPX requires WETH for transactions. While ETH fees have slowed down and congestion has decreased, VMPX's performance has been underwhelming lately.
