Ethereum Network Usage at All-Time High, When Will Its Price Follow Suit?

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Ethereum Network Usage at All-Time High, When Will Its Price Follow Suit?





Daily gas usage on the Ethereum network is at its all-time high, indicating that the network is being used more than ever, according to data from Etherscan —a Block Explorer and Analytics Platform for Ethereum.

The Ethereum Virtual Machine (EVM), uses Gas as a unit to measure the computational work (CPU cycles, disk writing, and even the memory on the hosting machine) of its operations on the Ethereum network.

The “proper metric” to measure the usage of the ethereum network would be the total Gas spent per day, according to Eric Conner, who founded EthHub, a research site focused on Ethereum.

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