Ethereum Gas Fees Spike to New Highs on Latest NFT Hype

There were many disgruntled Ethereum users over the weekend following a Yuga Labs nonfungible token (NFT) launch which caused gas prices to surge to new highs. Sponsored Sponsored Over the weekend, the firm behind the wildly popular Bored Ape Yacht Club NFT collection, Yuga Labs, launched a new land title collection called Otherdeed for its … Read more

Ethereum Network Revenue Surges Year-on-Year but Falls This Quarter

Ethereum network revenue from gas fees plunged 44% in the first quarter of this year compared to Q4 2021, with around $2.1 billion worth of ETH tokens burned. Sponsored Sponsored But year-over-year performance told another story as revenues surged 46% from $1.6 billion to $2.4 billion. Sponsored Sponsored The Q1 figure also includes the removal … Read more

Gas Fees: The Workaround for Ethereum’s Volatile Transaction Prices

Gas Fees: There is a workaround until Ethereum 2.0 comes into the picture, says Kurt Ivy. Sponsored Sponsored Let’s talk about gas fees, and I’m not referring to geopolitical events that lead to volatility in the price of oil and gas.  Sponsored Sponsored Ethereum, the engine of much of the Web3 and DeFi innovations, has … Read more

Ethereum Gas Fees Dip to Six Month Low

As non-fungible tokens (NFT) surged in popularity throughout 2021 and the beginning of 2022, gas fees skyrocketed, but are now as low as 50 gwei. Sponsored Sponsored The fees on the Ethereum blockchain reached a six-month low on March 9, 2022, according to CryptoRank. The previous low was seen in August 2021. Gas fees refer … Read more

Ethereum Addresses Holding Over 0.1 ETH Reaches New High

The number of Ethereum addresses holding over 0.1 ETH has reached a new all-time high, data from glassnode shows. Sponsored Sponsored Data from glassnode shows that the number of Ethereum addresses holding over 0.1 ETH has just reached a new all-time high, boding well for the network. The total number of such addresses now stands … Read more

Ethereum May Facilitate 50% of Global Financial Transactions in Next Decade: Pantera CIO

Pantera Capital’s co-Chief Investment Officer Joey Krug believes that Ethereum will play a central role in global finance in the next ten years. Krug made the comments in an interview with Bloomberg. Sponsored Sponsored The co-Chief Investment Officer of hedge fund Pantera Capital, Joey Krug, in an interview with Bloomberg, said that Ethereum would be … Read more

Next Big Ethereum Upgrade Could Reduce Layer 2 Gas Fees

A recent Ethereum Improvement Proposal (EIP) put forth by network co-founder Vitalik Buterin aims to address transaction costs, one of the network’s greatest drawbacks. Sponsored Sponsored Last month, Buterin put forward EIP-4488 which aims to decrease the transaction ‘calldata.’ This could provide some short-term respite from those galloping gas fees. The primary purpose of the … Read more

Vitalik Buterin Proposes Short-Term Fix for High L2 Gas Fees

Ethereum co-founder Vitalik Buterin has put forth a proposal with Ansgar Dietrichs, a software developer for Ethereum. The proposal, called EIP-4488, is proposed as a short-term solution to the escalating gas fees experienced on Layer 2. Sponsored Sponsored The EIP4488 modification was suggested three days ago on the Ethereum Improvement Proposal GitHub repository by Buterin … Read more

Crypto Billionaire Su Zhu ‘Abandons’ Ethereum Due to High Transaction Fees

Su Zhu, the chief executive officer of Singapore-based hedge fund Three Arrows Capital Ltd, said on Nov 21 that he has “abandoned” Ethereum due to high transaction fees, which have alienated new investors. Sponsored Sponsored “Yes, I have abandoned Ethereum despite supporting it in the past,” Zhu outlined in a scathing thread on Twitter. He … Read more

Ethereum Tops $4,740 in New All-Time High Rally

Ethereum prices have reached their highest-ever levels during the morning of Nov 8. ETH is currently trading up 3.6% on the day and has made more than 10% over the past week. Sponsored Sponsored The world’s second-largest cryptocurrency by market capitalization has hit an all-time high of $4,744 according to TradingView. Ethereum is now trading … Read more