Users of the Avalanche network have paid over $4 million in transaction fees in five days, largely due to token and NFT creations and movements using inscriptions.

Inscriptions are gaining popularity in the blockchain world, especially on networks like Bitcoin that lack native token support.

Avalanche accounts for 75.32% of all inscription-related fees across multiple blockchains.

Increased general network transactions on Avalanche have also contributed to the spike in fees.

Despite the rise in transaction fees, the value of Avalanche's native token, AVAX, has significantly increased.

The rise in fees on Avalanche reflects a broader trend of high transaction fees across various blockchain networks.