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Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
1.5.2023
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights...
Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 Months
28.4.2023
As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753....
Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility
26.4.2023
Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions...
Decentralized Exchange GMX Connects to Chainlink's Low-Latency Oracles Following Community Vote
25.4.2023
Arbitrum-based decentralized exchange GMX will connect its platform to Chainlink's low-latency pricing oracles following a unanimous governance vote
Deribit plans to expand its offerings with Spot Trading at zero fees
20.4.2023
Deribit has announced plans to expand its offerings by introducing Spot Trading at zero fees starting April 24, 2023, at 1 pm UTC. There will be no fee on the taker and maker, allowing users to seamlessly buy and sell their assets while managing risk via derivatives. The three pairs that...
Ethereum gas fee jumped due to memecoin frenzy with mixed comments on network usability
20.4.2023
Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage
Subway-themed trading bot makes millions using ‘sandwich’ attacks
20.4.2023
The anonymous MEV bot operator’s best day was April 18, where he profited about $950,000
Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump
19.4.2023
It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether...
Ethereum Fees Spike as Bots Spend Millions to Frontrun Punters of PEPE, CHAD
19.4.2023
An entity connected to a wallet named “jaredfromsubway.eth” is sandwiching crypto traders, mainly those betting on tokens such as pepe and chad
NYDFS adopts regulation to assess supervisory costs for licensed crypto firms
17.4.2023
Since 2015, crypto firms operating in the state of New York have largely been required to apply for a BitLicense to offer services
MagicGLP deploys on Avalanche Network to offer low fees on GMX
13.4.2023
It has only been a couple of months since MagicGLP launched on Arbitrum. The platform has established a massive presence in the market due to its low fees and auto-compounding features. MagicGLP currently boasts a total value locked (TVL) of 28 million dollars. In addition, the platform...
FTX's bankruptcy lawyers and advisors pocket $32.5M in February
11.4.2023
The reimbursement expenses for FTX’s massive team of legal professionals are just as exorbitant in February as they were the previous month
Coinbase CEO says Bitcoin Lightning is 'something we’ll integrate'
10.4.2023
“Lightning is great and something we’ll integrate,” Armstrong said in response to an allegation that he was “ignoring” the network
Ordinal Inscriptions Surpass 1 Million Mark, Miners Collect $4.7M in Fees as Bitcoin NFT Trend Continues
9.4.2023
On April 8, 2023, the number of Ordinal inscriptions surpassed the million mark as the non-fungible token (NFT) trend has seemingly become a mainstay. Presently, on Sunday, April 9, the total number of Ordinal inscriptions is 1,049,263, and so far, 169.85 bitcoins worth $4.7 million have been...
NFT Marketplace Looksrare Launches Version 2, Cutting Protocol Fees by 75% and Introducing Bulk Purchases
9.4.2023
Looksrare, the non-fungible token (NFT) marketplace, has launched version two, also known as v2, which reduces protocol fees by 75%. According to statistics from Dune Analytics, Looksrare was the tenth-largest NFT marketplace in terms of trader count during the past week. NFT Market Protocol...
NFT marketplace LooksRare launches V2, reducing fees from 2% to 0.5%
7.4.2023
The previous version of the nonfungible token marketplace will be sunsetted by April 13, 2023
Ethereum projects unite to protect users from MEV-induced high prices
5.4.2023
In total, 27 Ethereum projects joined the initiative as launch partners, which includes Balancer, Gnosis DAO, Shapeshift, and StakeDAO, to name a few
Experts Predict Crypto Will Save Americans Billions in Remittance Fees Every Year – Here's What You Need to Know
5.4.2023
Crypto could save Americans billions of dollars in costs related to remittance payments to places like Asia and Latin America, data compiled by Coinbase shows.
According to a blog post published by Coinbase this week, Americans spend more than $12 billion a year on fees alone related...
Binance Loses 16% of Market Share After End of Zero Fees on BTC Pairs and Rising Regulation Troubles
5.4.2023
Binance has lost a big share of its total trading volumes since ending its zero fees on Bitcoin pairs and in wake of the US Commodity Futures and Trading Commission (CFTC)’s lawsuit against the firm.
That’s according to the latest blog post by crypto analytics firm Kaiko, which says that Binance’s...
Crypto could eliminate 97% of traditional remittance fees: Coinbase
4.4.2023
U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone