The transaction on the Ethereum network with a massive 20 ETH gas fee was sent by an anonymous user. This transaction, with a fee equivalent to 927,246 Gwei, is considered one of the largest gas fees recorded on the Ethereum network after the 2021 bull market. It is worth noting that another transaction from the same wallet was sent for 6 ETH, indicating that the user may have intentionally set such a high gas fee.

Despite this outlier transaction, the Ethereum network is functioning as normal with no technical issues observed. The average transaction fee on Ethereum remains at a much lower 0.8214 USD/tx, making the 20 ETH gas fee seem even more unusual.

(By Arman Shirinyan)