I think the amount of fees per block is what's "insane" here.

Going back a day shows that the fees were on the order of ~3 eth per block (https://etherscan.io/blocks?p=300) whereas now they're averaging around ~20eth per block.

In other words ETH holders are very motivated to move their tokens right now, and the amount they're paying to do so reflects this.

To make a transaction, you have to spend a certain amount of gas. This will then be multiplied by the constant cost of the transaction. But gas fluctuates based on demand. If many people want to make a quick transaction, gas will go up as the amount of transactions per block is limited. Avg gas was around 70 gwei yesterday. Currently there's tons of blocks averaging between 1000 - 1500 gwei, which is a lot.

The fees, on a good day, you can pay somewhere around 50-100gwei for a transaction on eth, right now we are seeing 1500+gwei transactions.

For example, to deposit into a maker vault, a 50 gwei transaction would cost somewhere around 100$, it now costs like 2-3k$ just to execute a single transaction.