According to BlockBeats news, on December 18, according to Avascan data, the current average gas fee on the Avalanche network reached 5,110.30 nAVAX (approximately US$4.41). Earlier today, Trader Joe founder @cryptofishx posted on social media to launch the asc-20 standard inscription (Avascription) BEEG, and said that the inscription has no roadmap and no actual use cases, and is just a social experiment.

It is reported that 37% of BEEG was minted within 2 hours and 15 minutes after launch, with a total of approximately 4,300 holders. @cryptofishx has apologized for causing congestion on the Avalanche network and discussed solutions. The market remains optimistic about the future development of the Avalanche network and expects it to solve the congestion problem and bring a better experience to users.