The predominant amount of gas fees spent in this crypto winter is on the trading, launching and speculation on shitcoins. This crypto underworld goes on beneath the noses of DeFi maxis and techies everywhere and is fueled by rampant addiction to degeneracy and thrill seeking. On telegram in particular you have hoards of shitcoin group chats, Alpha groups, Private Groups all for the purpose of buying shitcoins at a few thousand dollars market cap and selling them at a few hundred thousand market cap.