-ERC-404-

--With the new ERC-404 trend, gas fees on the Ethereum network have reached their highest level in the past 8 months.

--Gas fees on the Ethereum network, along with the ERC-404 trend, have reached the highest levels since March 2023. Investors rushing to capitalize on the early stages of the ERC-404 trend have led to the Ethereum network experiencing peak gas costs, reaching up to 377 gwei.

--The primary reason behind this increase is attributed to increased transaction activity on the Ethereum network to seize opportunities brought by ERC-404, leading to a surge in gas prices.

--$600 Million in Volume

According to data from Birdeye, a significant portion of these volumes is based on substantial trade volumes created by Pandora, DeFrogs, and other ERC-404 projects that collectively surpassed a total trading volume of over $600 million last week.

--The ERC-404 token standard is an experimental Ethereum token standard designed to merge the characteristics of fungible (ERC-20) and non-fungible tokens (ERC-721) into a hybrid form, allowing for both unique and divisible asset representations on the blockchain. Here’s a deep dive into ERC-404 tokens, how they work, their potential, and top ERC-404 projects to know about.