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Galaxy Digital’s revenue soars with mining, fees at record levels
14.5.2024
Galaxy Digital’s net income climbed 40% in the first quarter of 2024, buoyed by record-breaking revenue from mining operations and management fees
Lido and Aave generate more fees than Ethereum and Bitcoin
14.5.2024
The decentralized finance platforms generated more fees than the top blockchain ecosystems, including Bitcoin, Solana, and Ethereum. Lido and Aave accrued $2.34 million and $1.85 million, respectively, during the specific period. Ethereum, Solana, and Bitcoin secured $1.84 million, $1.17 million...
New daily Runes etched on Bitcoin falls 99% from post-halving peak
14.5.2024
Only 157 new Runes were etched on Bitcoin on May 13, which contributed to just $3,835 in transaction fees paid to Bitcoin miners
Shibarium fees skyrocket 267%, community reacts
13.5.2024
Shibarium, a platform specially designed for the Shiba Inu community running on Layer-2 Blockchain technology, has seen a sharp increase in its transaction fees in the recent past. Data from Shibariumscan shows that the costs have increased by 267% in just one day, from 11.57 to 30.98 BONE. This...
Ethereum Transaction Fees Slide Nearly 94% Over the Past 68 Days
12.5.2024
Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%, from $30.33 per transfer to $1.91 per transaction. Declining...
Runes protocol sees significant decline in activity
12.5.2024
Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
11.5.2024
Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per second (EH/s). Following the halving, onchain costs have decreased significantly, with data indicating transfer fees ranging from $1.50 to $3.65...
Solana fees to surpass Ethereum, trader loses over $1M due to hard fork: Finance Redefined
10.5.2024
Is Solana living up to its so-called “Ethereum-killer” status? And one trader was left over $1 million poorer due to a hard fork
Nifty News: 3 Bored Apes gone phishing, fantasy.top fees beat Tron and more
9.5.2024
One unlucky BAYC holder just lost $167K in Bored Ape NFTs, Ronaldo’s still on the hook for Binance NFTs, and a fantasy influencer NFT game has topped Tron in fees
Solana could flip Ethereum in transaction fees within a week: Report
8.5.2024
The potential flip could further cement Solana’s status as an “Ethereum-killer,” which has been questioned due to the recent network outages
Revolut debuts dedicated crypto exchange for UK users
7.5.2024
Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion
Here’s How Bitcoin Miners Performed Last Month After The Halving
7.5.2024
Bitcoin miners are down but not out after the halving, netting significant revenue from transaction fees last month.
The post Here’s How Bitcoin Miners Performed Last Month After The Halving appeared first on Cryptonews
Bitcoin Runes reclaims dominance over BTC transactions
6.5.2024
Runes made a recovery to account for the lion’s share of transactions over the Bitcoin network
The Halving Effect: Bitcoin Hashrate Decreases as Miners Prepare for Probable Difficulty Drop
5.5.2024
Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s...
Shibarium witnesses a historic rise in gas fees ahead of a hard fork
3.5.2024
Shibarium recently revealed that it was witnessing a historic rise in gas fees. This development coincided with a notable increase in the number of active users. The network has set the perfect stage for its upcoming L2 scalability solution upgrade. Even before its release, the much-anticipated...
Coinbase Announces Support for Bitcoin’s Lightning Network
2.5.2024
Coinbase, a leading U.S.-based cryptocurrency exchange, has finally announced the implementation of the lightning network, a Bitcoin layer 2 scaling solution. Coinbase will now allow its users to take advantage of this scaling protocol to avoid paying high fees for Bitcoin transactions, enhancing...
Omnity Protocol Launches New Integration for Low Fee Runes Trading
30.4.2024
Omnity protocol is launching a new integration for the trading of Runes tokens without ‘risky cross chain bridges” or any gas or transaction fees.
The post Omnity Protocol Launches New Integration for Low Fee Runes Trading appeared first on Cryptonews
Bitcoin Runes fees surpass 1,200 BTC as miners reap rewards post-halving
29.4.2024
Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards
Filipinos face higher fees after Binance ban
29.4.2024
Jay Ricky Villarante, the CEO of Moneybees, said that the decision to ban Binance reflects the importance of regulatory compliance and oversight in the industry
Ethereum Gas Fees Hit Six-Month Low, Indicating Potential Altcoin Surge: Santiment
29.4.2024
Gas fees on the Ethereum network have experienced a significant drop to their lowest levels in six months, even as the price of Ether saw a slight rally over the weekend.
The post Ethereum Gas Fees Hit Six-Month Low, Indicating Potential Altcoin Surge: Santiment appeared first on Cryptonews