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Ethereum [ETH] fees spike thanks to this mysterious project

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Congestion on the ETH network has reduced. But before that, a gas mint action propelled the increase.

, it means that the network had experienced high volatility and a high level of traffic. Additionally, it implies that smart contracts have consumed gas due to consistent execution.

And this is usually because some smart contracts can be very complex and require a lot of computation. However, the main driver of this demand in ETH-related transactions was rather surprising.The blockchain insight platform mentioned that VMPX [VMPX] contributed a whooping 18% to the fees.

 

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