In the field of digital currency, Ethereum has always been one of the focuses of attention. Recently, the transaction activity on the Ethereum network has surged, and the gas fee has also soared, which has caused heated discussions in the market. In particular, the USDC/ETH transaction on Uniswap has become one of the hottest topics. Let us take a deep look at this phenomenon that has shocked the market and reveal the various reasons and influences behind it.

As the main platform for smart contracts and decentralized applications (DApp), the Ethereum network has attracted a large number of users and developers in recent years. With the rise of DeFi (decentralized finance), the transaction activity of the Ethereum network has also risen. Gas fees, as transaction fees in the Ethereum network, have soared with the increase in transaction volume, becoming one of the focuses of attention of users and investors.

As a leading decentralized exchange, Uniswap has always been popular for its USDC/ETH trading pair. Users can easily exchange USDC and ETH through Uniswap, participate in activities such as liquidity mining, and get rich returns. However, with the surge in trading activities, the gas fee on Uniswap has also begun to soar, causing some troubles for users.

In this craze, many traders have said that the high gas fees have greatly increased transaction costs, affecting their enthusiasm for participating in DeFi projects. In particular, small traders and investors have to re-evaluate their trading strategies and participation in the face of high gas fees. This has also triggered discussions on the expansion of the Ethereum network and the optimization of the gas fee mechanism.

For the Ethereum network, how to solve the problems of transaction congestion and soaring gas fees has become a difficult problem to be solved urgently. On the one hand, the upgrade of Ethereum 2.0 will bring higher throughput and lower transaction costs to the network, which is expected to alleviate the current pressure. On the other hand, the community and developers are also actively exploring various solutions, such as Layer 2 expansion solutions and optimizing gas fee calculations, to improve the performance and user experience of the network.

Against the backdrop of the continued popularity of the Uniswap USDC/ETH trading pair, the DeFi market has also ushered in more attention and capital inflows. Investors are optimistic about the development prospects of the DeFi project and believe that it will become an important part of the future financial field. However, high gas fees and transaction congestion have also made people begin to think about how to improve the scalability and efficiency of the Ethereum network while ensuring security and decentralization.

In general, the surge in Ethereum trading activities, the surge in gas fees, and the popularity of Uniswap USDC/ETH transactions reflect the booming DeFi market and the continuous innovation in the field of digital currency. With the continuous evolution of technology and the joint efforts of the community, I believe that the Ethereum network will usher in a more prosperous future, bringing more possibilities and opportunities to users and developers. Let us witness the changes in the field of digital currency and explore the infinite possibilities of financial technology!

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Coin Circle (120BtC.COM) News: After the news that BlackRock was preparing to apply for an Ethereum spot ETF, the price of Ethereum (ETH) soared, and Ethereum on-chain transactions also increased significantly. Looking at the most active Ethereum protocol Uniswap, ETH/USDC also has the highest daily trading volume.

Ethereum Gas Fee Soars

It costs $91 to exchange Ethereum tokens, $154 to sell NFTs, $29 for cross-chain transactions, and $77 for lending activities:

Ethereum trading activity surges, fees soar

Uniswap is still the most active protocol

Uniswap consumes the most Gas Fee on Ethereum, 566ETH in the past 24 hours, accounting for 13% of the total:

Uniswap is the most active protocol on Ethereum

ETH/USDC is the most active

In Uniswap's liquidity pool, ETH/USDC is the hottest transaction, with 24-hour transactions reaching 450 million US dollars (ETH/USDT transaction volume is 1.3 billion US dollars), and 1.7 billion US dollars in seven days, indicating that today's transaction volume accounts for the highest proportion.

Uniswap USDC/ETH transaction volume increases significantly