Last Sunday, users paid $231 million to transact on the Ethereum network, twice as much as the previous all-time high of $117 million in May 2021.
The cause of the fee surge was Yuga Labs' latest NFT launch. They minted 55,000 "Otherdeeds" NFTs, each giving access to a virtual plot of land in their new Bored Ape Yacht Club-themed metaverse "The Otherside".