Transactions related to an NFT">NFT collection called Buterin Cards, featuring images of Ethereum">Ethereum co-founder Vitalik Buterin, accounted for over 13% of total gas fees on the network at their peak demand.
The limited series of 2,015 JPEG-mined NFTs praising Buterin caused Ethereum gas fees to exceed charges from leading DeFi platform Uniswap for a period on Thursday.
Buterin Cards hit just as a reduction in on-chain activity recently eased network congestion and lowered transaction fees. The new demand overwhelmed available capacity.
While upgrades like the Merge aim to enhance Ethereum’s scalability long-term, surging interest for niche NFT drops can still strain throughput.
The incident showcases risks from sudden spikes overwhelming infrastructure improvements. As adoption expands within crypto, mania around popular NFTs may frequently test network limits.
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