#Ethereum Fees Explode to $67 Million $ ! Who Benefits from This Increase?

This 17.9% increase in weekly fees is the highest since April 2024. The increase in these fees is mainly attributed to the increased activity on #DeFi platforms, where crypto users are leveraging wrapped assets like Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH) to borrow stablecoins and maximize the utility of their collateral.

Additionally, one of the main players in this increased activity is #Aave, a major DeFi protocol on Ethereum, which has seen an impressive $500 million in net inflows over the past week. This dynamic is reminiscent of the peaks seen during the 2022 bull market, with interest rates sometimes exceeding 40% on some platforms #crypto.