The daily median gas price, or transaction cost, hit a 12-month high of 87 gwei (one gwei is a billionth of an ether) early this week. The value has increased more than 50% since the launch of the PEPE token on April 18, according to pseudonymous analyst @hildobby’s Ethereum Gas tracker on Dune Analytics. At one point on Monday, the one-minute median gas price surged well past 150 gwei.
Source: https://www.coindesk.com/markets/2023/05/05/ethereums-median-gas-price-surges-to-12-month-as-pepe-frenzy-grips-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines