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“# Active user wallets on Ethereum DeFi have dipped 40% in one month ” According to DappRadar, the unique active wallet count on the Ethereum DeFi market has seen a significant drop. Between mid-February and the time of writing, unique active wallets on Ethereum DeFi have dipped almost 40%. While Ethereum (ETH) gas fees seem…
“# Ethereum fees are skyrocketing — But traders have alternatives ” With the rapid growth of decentralized finance, upcoming scaling developments on Ethereum 2.0, and increased crypto allocation in the portfolios of institutions, the price of Ether (ETH) is rapidly ascending. In fact, we’ve already seen ETH break the $2,000 barrier for the first time,…
“# Major Ethereum gas fee overhaul EIP-1559 scheduled for July ” A hotly awaited upgrade to the Ethereum network that may result in ETH becoming a deflationary asset is now scheduled for the “London” hard fork in July. Ethereum lead developer Tim Beiko previously teased that the decision would be made today two weeks ago,…
“# Bitcoin and Ethereum slow down as transaction values and fees plunge 70% ” Bitcoin (BTC) and Ether (ETH) appear to be experiencing something of a slowdown, as on-chain data shows a dramatic decrease in the U.S dollar value of coins being sent across both blockchains in the past week. At the same time, transaction…
“# Ethereum on track to settle $1.6 trillion this quarter ” Ethereum usage is surging this year, with the value of transactions settled on the network skyrocketing during 2021. According to research from Messari, Ethereum has settled $926 trillion worth of transactions this quarter so far — 700% more than it processed during Q1 2020. …
“# As Visa and Mastercard raise fees, merchants may look to crypto ” Credit card providers charge merchants a cut of the payments they accepted, called interchange fees or swipe fees. With two major card providers aiming to elevate rates, could crypto become an alternative? “Visa Inc. and Mastercard Inc. are planning to raise swipe…
“# DeFi user pays $36K for one Uniswap transaction, as EIP-1559 draws closer ” Ethereum fees are at record level but even so, one Uniswap user paid well over the going rate with a gas fee of $36,000 for a single transaction. Crypto twitter has been flooded with complaints about the unsustainable fees for using…
“# Crypto influencer warns Ethereum fees will drive users away ” Prominent crypto influencer Lark Davis, or “The Crypto Lark,” has warned that Ethereum’s competitors will continue to syphon away users should Eth2 fail to launch soon amid ever-increasing gas fees. Despite predicting five-figure Ether prices in 2021, Davis’ Feb. 19 video, Davis asserts Ethereum’s…
“# Blockchain mysteries: Biggest crypto transaction fee oddities ” Users can send cryptocurrencies virtually anywhere globally via the blockchains on which they are based. By sending crypto assets, however, fees are incurred. Transactions may take longer for certain assets, depending on their related blockchains. Certain crypto wallets and platforms give users the option to choose…
“# Ethereum-based social media project shuts down as ETH fees approach new highs ” An Ethereum-based project has been forced to cease development due to rising gas prices, as the cost of transacting on the blockchain continues to push new highs. The official Twitter account for social media token project Unite announced on Feb. 10 that the…