Ethereum takes the top spot as the chain with the highest count of...
, the world’s leading cryptocurrency, rounded out the top five with cumulative fees totaling $239 million.The reason behind the astronomical growth of Ethereum fees was the memecoin frenzy between April and early June.
This was driven mainly by the launch of the meme tokenFollowing the memecoin’s launch, it experienced a significant rally in trading volume, which drove up its value within a very short period of time.by on-chain data provider Nansen, the number of PEPE holders exceeded 54,000 in just two weeks. Fueled by its addition to Binance’s Innovation Zone, the market capitalization of the meme coin crossed the $1 billion mark.
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