Ethereum Gas Fees Hit Record Highs Amid WLFI Token Launch

The recent launch of the World Liberty Financial (WLFI) token triggered a surge in Ethereum gas fees, exceeding 2021 highs and highlighting ongoing scalability challenges for the network. Over $1.8 billion in trading volume pushed the cost of gas beyond $100, revealing network congestion during high-traffic events. This event serves as a stark reminder of Ethereum’s need for continuous improvements despite recent advancements in scaling solutions like Layer 2 networks.