PEPE, SHIB Frenzy gives Ether (ETH) price advantage, but makes Ethereum ‘unusable’ for many, says IntoTheBlock.

Layer 2 fees, designed to scale the Ethereum network, have also surged, with transaction costs on Arbitrum reaching $1, the highest since 2022, the report said. This problem has a quick fix. Denkun Upgrade It comes out next week. predicted To lower layer 2 transaction costs to cents.