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Ether price continues to plunge as troubled investors worry about the lack of spot Ether inflows, declining Ethereum network fees and a potential tech stock bubble bursting.
They tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm.
Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees.
Reddits Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin's future.
ETH price struggles to find reasons to rally after the networks DApp volumes drop and Ether languishes near the $2,250 support.
The response comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment.
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates.
Binance announces a limited-time zero maker fee promotion for VIP 6-8 users on USD-margined futures, effective from August 7 to October 16, 2024. (Read More)
The future of Bitcoin rollups will depend on continued innovation and optimization in data compression and scalability.
GalaChain introduces a new transaction fee system to enhance sustainability and autonomy for channel creators, according to Gala News. (Read More)
Bitcoin Runes, a leading NFT protocol, generated $162.4 million in fees with over 15.6 million transactions, showing potential for a long-term market impact.
Binance announces updates to its margin liquidation fees effective August 12, 2024, aiming to protect users and ensure market stability. (Read More)
According to data from DefiLlama, the Tron network has accrued $1.31 million in network revenue during the past 24 hours alone.
Trons founder Justin Sun believes gas-free stablecoins could take corporate adoption of blockchain to a new level.
A call for a fee for hodling Bitcoin, to balance the fact that the mining security budget is currently paid only by people transacting, not people simply hodling.
The approving authority behind this taxation remains unclear, whether its the Nigerian government or an agency like the Federal Inland Revenue Service (FIRS).
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.
While Bitcoin saw a 20% drop in daily active addresses in Q2 2024, Ethereum and L2s posted a 127% increase in such addresses in H1 2024.
Bitcoin and Ethereum users are experiencing exceptionally low fees, but why?
Litecoin has been under intense selling pressure in the past few months. After peaking in April, the coin has been trending lower, looking at the arrangement in the daily chart. There is strength at spot rates. So far, LTC is up 20% from July lows and continues to peel back losses. The expansion in price also comes amid other positive developments, at least from on-chain developments. Is Litecoin A Whale Haven? According to IntoTheBlock, there has been a significant uptick in on-chain transfers on the proof-of-work network. As of July 12, the network has processed $2.85 billion worth of transactions, each averaging at least $100,000. Related Reading: Spot Ethereum ETFs FOMO: Tron Founder Justin Sun Drops $5 Million On ETH This level translates to over half of the network’s market cap. Most importantly, Litecoin is doing far better than top altcoins. IntoTheBlock data shows that though Dogecoin has roughly 3X the market cap of Litecoin, it only sees $590 million in large transfers daily. The huge difference means Litecoin attracts more whales, most likely drawn to the network’s security and low fees. Litecoin has not changed, and its original mandate of complementing Bitcoin remains. It operates as a proof-of-work network powered by miners who must commit to buying new gear and updating it regularly to be competitive. As of July 13, Litecoin had a hash rate of 1.01 PH/s, according to Coinwarz. Despite Litecoin’s Halving in 2023, more miners are unfazed by falling rewards and continue to secure the network. MWEB Private Transactions Rising, LTC Unfazed By Short-Term Price Fluctuations The spike in Litecoin transactions also comes amid the increasing adoption of Mimble Wimble (MWEB). According to MWEBexplorer data, MWEB transactions have doubled in the past few days. This surge points to a rising preference for private transactions among Litecoin users. Through MWEB, users can send private transactions. Though MWEB transactions are more expensive, coming in at $0.00267 versus $0.0008 for ordinary transactions, it is relatively cheaper than transacting on Bitcoin. According to YCharts, the average Bitcoin transaction fee now stands at $1.487, up from 1.163 recorded yesterday. Related Reading: Analyst Upbeat On USTC, Sees Price Soaring Over 300% With more transactions posted on Litecoin, LTC holders are equally unfazed by dropping prices; a whopping 71% are in the red. As of July 12, IntoTheBlock data reveals that 77% of LTC holders have held their coins for over a year. Only 6% bought LTC within the last month. Feature image from DALLE, chart from TradingView
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