Ethereum Gas Prices Surge to Record High, Average Transaction Cost Reaches $6.24

Ethereum’s gas prices have reached a new high, with the average cost per transaction currently exceeding $6.24. According to data from Etherscan and reported by Foresight News, the current gas price on the Ethereum blockchain sits at 90 Gwei, leading to an average cost of 89.12 Gwei for transactions. This surge in gas fees underscores the ongoing impact of network activity and transaction volume.