Affected by the inscription issued by the founder of Trader Joe, the single transaction fee of Avalanche network exceeded US$4
On December 18th, according to Avascan data, the average gas fee on the Avalanche network has reached 5,110.30 nAVAX (approximately $4.41 USD).
Earlier today, Trader Joe founder @cryptofishx posted on social media introducing the asc-20 standard inscription (Avascription) BEEG and stated that the inscription has no roadmap or practical use case, but is only a social experiment. It is reported that 37% of BEEG was minted within 2 hours and 15 minutes after its release, with approximately 4300 holders. @cryptofishx has apologized for causing congestion on the Avalanche network and is discussing solutions for this issue.
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