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Ethereum transaction fees soar to 67 million USD weekly amid growing DeFi activity

Transaction fees rise significantly: Transaction fees on the Ethereum network have surged to 67 million USD per week, marking a nine-month HIGH of 17.9%. This rise reflects increasing activity in decentralized finance (DeFi), primarily driven by wrapped assets utilization.

DeFi activity drives net inflows: The AAVE protocol has seen substantial net inflows of 500 million USD within a week, promoting HIGH interest algorithms. This trend is reminiscent of the 2022 bull market where some platforms offered interest rates over 40%.

Challenges for smaller users: The increasing Ethereum fees pose significant barriers to smaller investors, limiting their access to the network. While excitement grows, the HIGH transaction costs favor larger, more capitalized users.

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