Ethereum layer-1 network revenue collapses Whats causing it?

Layer-2 monthly active users and daily transaction counts have both doubled since March 2024, according to Token Terminal.

View Details

VanEck, StoneX analysts peg Ether price upside at $12K to $22K

The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates.

View Details

EigenLayers EigenDA to support layer-2 native token restaking

Users will be able to earn restaking yield from layer-2 tokens on EigenDA.

View Details

Ethereums Dencun Upgrade: A Bot-Infested Nightmare?

Ethereum has made significant progress in becoming a more efficient data availability [DA] layer for roll-up, thanks to advancements like Dencun and EIP 4844. However, this transition brings its tradeoffs. As per Galaxy expert, Christine Kim, this shift comes at a cost to protocol revenue and has not entirely solved the issue of high DA […]

View Details

Ethereum supply turns inflationary as gas fees drop to record lows

The Ethereum ecosystem is experiencing a historic drop in gas fees, which is impacting both mainnet and Layer 2 transactions. According to Etherscan Gas Tracker, the average gas fee on the mainnet stands at 4 Gwei at press time, approximately $0.21. However, transactions can be processed for as low as 3 Gwei, or around $0.14. […]

The post Ethereum supply turns inflationary as gas fees drop to record lows appeared first on CryptoSlate.

View Details

Ether turns inflationary for the first time since Merge

This marks the first period of Ethereum becoming inflationary in the past year and a half since the Merge took place.

View Details

Ethereums Evolution In Q1 2024: 9% Rise in Staking & Open Interest Surges by 50%

According to the Glassnode weekly insight report, in the first quarter of 2024, there were a number of key developments that have been reshaping Ethereum. These changes have influenced Ethereums technical capabilities as well as its market dynamics and investment activities. One such development during this period was implementing the Dencun upgrade aimed at enhancing […]

View Details

Rocket Pool Stands To Reap Big From Ethereums Dencun Upgrade, RPL Flying

The Ethereum liquidity staking protocol Rocket Pool is on the brink of a massive transformation with the incoming Dencun upgrade. As one community advocate points out, this change is primarily due to the enhancements the Houston upgrade will tag. Eyes On Dencun Upgrade In a recent post on X, the advocate explained that the Dencun upgrade, scheduled [...]

The post Rocket Pool Stands To Reap Big From Ethereums Dencun Upgrade, RPL Flying appeared first on Crypto Breaking News.

View Details

Ethereum Price Prediction: $5,000 After March 13?

The ETH price could reach $5000 in the next few days. Let's take a look at this Ethereum price prediction in more detail.

View Details

Ethereum Plans For Dencun Upgrade: Is This The End Of Roll-Ups?

Ye Zhang, the co-founder of Scroll, a layer-2 project using zero-knowledge proof, is cautiously optimistic about the upcoming Dencun upgrade. In a post on X, Zhang pointed out Dencuns potential benefits, particularly the low transaction fees. However, in the same post, the co-founder highlighted the likely challenges it could present for existing layer-2 scaling solutions using roll-ups. [...]

The post Ethereum Plans For Dencun Upgrade: Is This The End Of Roll-Ups? appeared first on Crypto Breaking News.

View Details

Binance Launches $60,000 Ethereum Promotion Ahead of Major Dencun Upgrade

Ahead of Ethereum's major Dencun upgrade, Binance has launched a trading promotion with $60,000 in rewards for users who trade ETH and other ecosystem tokens. (Read More)

View Details

Ethereum's Blobs: A Milestone in Scaling and Future Development, According to Vitalik Buterin

Ethereum co-founder Vitalik Buterin discusses Dencun hard fork activation and blobs' impact on ecosystem, discussing Ethereum's long-term scaling roadmap and future direction. (Read More)

View Details

Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented Blob Contention

Following the debut of the Dencun upgrade and Ethereum blobs, enthusiasts have devised methods to embed data akin to how Ordinal inscriptions operate. Since this development, inscription-based activities now account for over 40% of blob transactions, leading to a significant increase in network activity. This uptick has resulted in a congestion of blob transactions, pushing [...]

The post Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented Blob Contention appeared first on Crypto Breaking News.

View Details

Ethereum core devs campaign for gas limit raise to 40 million

The Ethereum core developers behind this campaign claim that the goal of raising the has limit is to reduce transaction fees on L1s.

View Details

Ethereum Dencun Upgrade: A Boost or Bubble?

The Ethereum network recently underwent a major Dencun upgrade. While this promises exciting developments, it also brings potential risks that merit a closer look. According to data from CryptoQuant, one of Dencun’s big impacts is reducing Ethereum’s total token supply. We’re seeing this driven by the incredible amount of network activity and transaction fees getting […]

View Details

Ethereum Plummets 7% As Dencun Upgrade Activates: Analysis & Outlook

The highly anticipated launch of the Dencun upgrade for Ethereum finally occurred on March 13. This led to a drop in price by 7% from $4,082 to $3,656 as per CoinMarketCap data. However, during these periods of time, Ethereum was not operating under the same network conditions when it had croosed above $4,000 in late […]

View Details

Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some Cases

Ethereum rollups, the layer 2 scaling structures, have started reaping the benefits of the recently applied Dencun upgrade. The update, which included EIP-4844, also known as Proto-Danksharding, has allowed transaction fees to decrease by 99% in some cases, with Arbitrum, Base, Optimism, and Starknet becoming cheaper across the board. Ethereum Dencun Upgrade Reduced Rollup Fees [...]

The post Ethereum Rollups Start Reaping Dencun Benefits: 99% Fee Drops Reported in Some Cases appeared first on Crypto Breaking News.

View Details

Massive 95% Drop in Ethereum Gas Fees One Year After Dencun Upgrade

In a surprising turn of events, Ethereum users are experiencing a substantial 95% decrease in average gas fees. This shift comes as a relief to the community, which has long been struggling with high transaction costs on the network. Gas fees on Ethereum have been a point of contention for many users, often reaching exorbitant [...]

The post Massive 95% Drop in Ethereum Gas Fees One Year After Dencun Upgrade appeared first on Crypto Breaking News.

View Details

Market Alert: Ethereum Faces Potential Downfall As Dencun Upgrade Looms Heres Why

Ethereum (ETH) is poised for a notable improvement with the impending Dencun upgrade to enhance the networks scalability. However, amidst this anticipation, QCP Capital, a seasoned crypto asset trading firm, has shed light on an emerging trend that might influence Ethereums price trajectory. The firms analysis reveals a shift in risk reversals for Ethereum, turning [...]

The post Market Alert: Ethereum Faces Potential Downfall As Dencun Upgrade Looms Heres Why appeared first on Crypto Breaking News.

View Details

Dencun Upgrade Officially Deployed On Ethereum Mainnet, ETH Price Holds Steady Below $4,000

Ethereum (ETH) has completed a major software upgrade, Dencun, that promises to make utilizing the network ecosystem more cost-effective. This update specifically targets Layer 2 (L2) networks, such as Arbitrum (ARB), Polygon (MATIC), and Coinbases Base, which are interconnected with Ethereum.  With Dencun, transaction costs on these networks have significantly decreased, with fees dropping from [...]

The post Dencun Upgrade Officially Deployed On Ethereum Mainnet, ETH Price Holds Steady Below $4,000 appeared first on Crypto Breaking News.

View Details