During the volatility in the crypto market, the gas fee on the networks may increase as users tend to transact more.
A similar thing happened today and Ethereum (ETH) gas fee reached 905 Gwei. Decentralized exchange Uniswap (UNI) led the way in gas fee with 16%.
Gas fee returned to 150 Gwei after volatility returned to normal after 905 Gwei.
In the morning, Ethereum lost 20% in an hour. The asset is trading at $4,058 at the time of writing, showing a somewhat rebounding trend.