GWEI Price Volatility Driven by Layer-2 Activity and Increased Trading Volume

The cryptocurrency market has seen significant fluctuations in recent hours, with GWEI (ETHGas) experiencing a notable price movement. The token's value rebounded from a low of $0.095103 to a high of $0.134041, representing an overall amplitude of 40.9%.

Trading volume surged by 127% to $38.5 million, accounting for approximately 16% of the market cap. This increase in trading activity suggests fresh capital inflows rather than mere rotation.

A key factor contributing to GWEI's price hike is the rise in Layer-2 network activity. This surge has directly driven up the token's value by 29.4%-33.3% from its low, reaching a new 24-hour high.