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What just happened to the gas price?

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What just happened to the gas price?

Does anyone know what happened here? I first thought I had a bug in my program. Then I checked etherscan:

edit (since the question seems unclear): I am wondering what caused people to suddenly spend thousands of euros for a single transaction. Was there a short sharp price movement? Was there some launch of any big project that people tried to front-run each other like there is no tomorrow?

edit2: I summarized the story behind the gas price explosion here: https://twitter.com/ChristianC03n3n/status/1511465636370726912

https://preview.redd.it/33ox85vhmrr81.png?1354&format=png&auto=webp&s=7084deea18c8a5aa901727161df24ee1d66a4b5e

submitted by /u/Jump2Fly
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