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Ethereum Users Face Higher Fees as Onchain Transaction Costs Rise


Since Sept. 15, 2024, onchain fees on the Ethereum network have seen a steady rise, jumping from $1 per transaction to $5.08 by Sept. 20. Though there was a slight dip, bringing fees down to just over $4 on Sept. 23, the average cost per transfer reached 0.0027 ETH ($7.06) on Tuesday morning....

Bitcoin transfer costs fall to 2020 lows


Bitcoin transaction fees hit a four-year low on July 7, falling to $38.69. Miners remain profitable due to reduced network difficulty and lower computational power needs

Aave DAO Launches GHO Stablecoin on Arbitrum Network


Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched...

Onchain Fees for Bitcoin Drop to Six-Month Low


Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows...

Offchain Labs’ ArbOS 20 Atlas lowers Arbitrum transaction costs


Offchain Labs has introduced ArbOS 20, which has been given the codename ‘Atlas.’ ArbOS Atlas will significantly decrease the transaction fees associated with Ethereum Layer 2, which is one of the most significant outcomes. The revolutionary ArbOS 20 Atlas is all set to bring innovative changes...

Polygon Developer: Dencun Upgrade Will Hit the Zkevm Testnet in April


The Ethereum Dencun upgrade is bringing EIP-4844, which introduces efficient data storage to potentially reduce transaction costs on layer-2 solutions like Polygon zkEVM. The upgrade hits testnet in April. The post Polygon Developer: Dencun Upgrade Will Hit the Zkevm Testnet in April appeared first...

Dencun Goes Live On Gnosis, Ethereum Next In Line


The Ethereum Dencun upgrade has successfully launched on Gnosis Chain, showcasing its potential to lower transaction costs and significantly boost the performance of layer-2 solutions. Ethereum's mainnet activation is imminent, promising a more efficient and affordable blockchain experience...

Ethereum Developers Set March 13 as Target Date for Dencun Upgrade


Ethereum developers have set a mainnet launch date for the Dencun upgrade, which will introduce several Ethereum Improvement Proposals (EIPs), including proto-danksharding, which is expected to drive down transaction costs on layer 2. During a bi-weekly coordinating call on Thursday, Ethereum...

Onchain Bitcoin Fees in 2024: A Closer Look at Transaction Costs and Delays


Data gathered over the last 36 days reveals that the Bitcoin network’s average transfer fee has consistently exceeded the $3.68 mark, while costs for median-sized transactions have not dipped below the $1.67 threshold. As of Feb. 6, 2024, insights from Bitcoin’s transaction queue...

Indian Central Bank RBI Begins First Digital Rupee Pilot Today


India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...

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