Data from EthGasStation shows the decentralized exchange Uniswap as the location where users spent the most Ethereum (ETH) on gas payments in the last 30 days. Uniswap participant a total of 17,700 ETH spent as fuel for shipping their operations, This is equivalent to $ 6.99 million spent on gas last month.
Tether (USDT) came in second. People issued A total of $ 6.39 million at ETH as gas for the transaction with the popular stable coin. Chainlink (LINK) took eighth place.
Uniswap has taken the crypto world by storm in the past few weeks, and participants from the crypto space have caught up on the latest speculative hype. However, fraud has recently gained prominence in space. in the form of counterfeit assets, That makes participation riskier.
Uniswap helped fuel the decentralized finance (DeFi) boom from 2020 to today. Giving speculators a place to collect assets related to the sector. Some DeFi assets have exploded aggressively during a speculative season similar to 2017. With this action, Ethereum’s gas prices have also increased.