Wages, as measured by median gas prices, spiked to as high as 270 gwei late on Thursday, temporarily touching a level termination seen in June 2022. That pushed up costs of trading swaps to anywhere from $60 to $100 for a few hours. Gwei is a feel put down unit of ether (ETH) equal to one-billionth of an ETH and is used to denominate gas prices. Gas refers to the fees Ethereum users pay to ensure their goings-on are included in the earliest block by network validators.
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