Ethereum Network Fees Surge 12.2% to $11.05 Million Amid Rising DeFi Activity

Sentora, previously known as IntoTheBlock, reported a notable surge in Ethereum network fees this week, with a 12.2% increase pushing total fees to $11.05 million. This rise reflects heightened activity within the DeFi ecosystem, signaling robust transaction volumes and growing user engagement. The uptick in network fees underscores the persistent demand for Ethereum’s blockchain infrastructure, driven by decentralized finance protocols. Market participants and analysts view this fee escalation as a tangible indicator of expanding DeFi adoption, which continues to shape the broader cryptocurrency landscape. Monitoring such metrics is crucial for investors and developers aiming to understand network utilization and cost dynamics in real-time.