Ethereum transaction fees have surged over the past two weeks, driven by an uptick in onchain activity, according to Coinbase’s latest report. From Sept. 16 to Sept. 26, average gas fees rose 498%, with the median transaction cost climbing from $0.09 to $1.69. Contributing factors include a 9% increase in DEX volumes and rising USDC deposit rates on Aave, which suggest higher leverage. Additionally, ETH transfer volumes rose by 17%, while gas fees spiked multiple times above 40 gwei. Daily ETH fees burnt increased 900%, reflecting intensified activity, while investment inflows into ETH products have also returned, breaking a five-week negative trend. Source: Cointelegraph
