May 15, 2020, 5:09PM EDT
• 3 min read

A Ponzi scheme styled after MMM is driving Ethereum network congestion

Quick Take

  • MMM, a Ponzi-like investment scheme on Ethereum, now accounts for at least 8.7% of all gas usage
  • The rapid rise in MMM-related activity has pushed gas prices over 20 Gwei, up from 3 Gwei at the start of the year

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