Due to the announcement made by Trader Joe's founder, the transaction fee for a single transaction on the Avalanche network has surged past 4 US dollars
According to Avascan data, the current average Gas fee on the Avalanche network has reached 5,110.30 nAVAX (approximately $4.41). Earlier today, Trader Joe's founder Cryptofishx launched an asc-20 standard inscription (Avascription) BEEG on social media and stated that this inscription has no roadmap or practical use case; it is merely a social experiment. It is reported that 37% of BEEG was minted within 2 hours and 15 minutes after its launch, with about 4300 holders in total. Cryptofishx has apologized for causing congestion on the Avalanche network and is discussing solutions for this issue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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