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Level-2 scaling project Loopring (LRC) shoots over 50% higher amid Ethereum network congestion

As the entire crypto market has slingshotted higher over the past day, the Ethereum network has become congested. The average gas fee that users were paying yesterday evening was close to 500 Gwei, meaning that just to send ETH from address to address cost $10. To put 500 Gwei into context, here are a few…

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