Increased Ethereum transaction volume leads to network Gas fees reaching their highest levels in months.

According to BlockBeats news on February 12th, data from The Block shows that the transaction volume on the Ethereum network has increased since early February, and the network gas fee has reached the highest level in months. The data shows that the seven-day moving average of Ethereum's transaction volume has exceeded $3.55 billion, an increase of over 15% from the $3.08 billion at the beginning of the month. This growth has led to a significant increase in Ethereum network gas fees in the past few weeks, with the seven-day moving average rising to over $11, the highest level since mid-December 2023.