{"id":26774,"date":"2023-12-18T07:07:45","date_gmt":"2023-12-18T07:07:45","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/daily-gas-spent-on-evm-inscriptions-surges-to-record-high-of-8m\/"},"modified":"2023-12-18T07:07:49","modified_gmt":"2023-12-18T07:07:49","slug":"daily-gas-spent-on-evm-inscriptions-surges-to-record-high-of-8m","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/daily-gas-spent-on-evm-inscriptions-surges-to-record-high-of-8m\/","title":{"rendered":"Daily gas spent on EVM inscriptions surges to record high of $8M"},"content":{"rendered":"
Network transaction fees across all blockchains have spiked over the weekend as the Ordinals inscriptions craze continues to push demand for blockspace \u2014 and not just on the Bitcoin network.<\/p>\n
Inscriptions on Ethereum Virtual Machine (EVM) chains skyrocketed over the weekend, causing a spike in gas fees.<\/p>\n
On Dec. 16, gas spent on inscriptions surged to a record high of $8.3 million, according to data from Dune Analytics.<\/p>\n
The Avalanche network saw the most gas spent, with more than $5.6 million on that day alone. Aribitrum One was second, with $2.1 million spent on gas for inscriptions. <\/p>\n