Bankless: Understanding the Top Five Gas Consumers on Ethereum

Since the ICO boom of 2017, the ability to create assets without permission has been one of the most compelling use cases for smart contract platforms. Recently, this has regained popularity on Ethereum with the memecoin craze. As Bitcoin and Ethereum plummeted from their respective bear market highs, hot money is flowing into memecoins like PEPE. After an impressive 1500% growth since April 26th, PEPE peaked on May 5th and has since dropped 50% from its high.