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Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Coins Will Remain After The Merge
20.8.2022
The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
18.8.2022
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said...
Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput
17.8.2022
On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs...
ETH PoS Upgrade to Transition on September 15 to 16 — Ethereum Devs Reveal ‘Tentative Mainnet TTD’ for The Merge
11.8.2022
Following the successful implementation of The Merge into Ethereum’s Goerli testnet, Ethereum developers confirmed during a Consensus Layer Call livestream that the highly anticipated proof-of-stake (PoS) upgrade is coming this next month on or around September 15th to the 16th. After...
For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020
7.8.2022
In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one (L1) onchain transaction fees have dropped below the $5 mark and tumbled even lower by the end...
While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low
31.7.2022
While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5...
Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge
6.7.2022
On July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Bitmain Launches...
Binance Announces Support for Ethereum Network Upgrade
23.6.2022
Binance has published a post to announce its support for the network upgrade of Ethereum, adding that deposits and withdrawals of ETH tokens and ERC-20 tokens will be suspended during the upgradation of the network. The Ethereum network upgrade is scheduled for June 29, 2022, at 10:43 UTC. Deposits...
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro
16.6.2022
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle...
Ethereum price falls below $1.1K and data suggests the bottom is still a ways away
15.6.2022
ETH price has stalled around the $1,100 level, but several data points suggest the altcoin’s sell-off is far from complete
Ethereum’s Hashrate Surpasses Lifetime High as The Merge Gets Closer
4.6.2022
Following the all-time high (ATH) recorded in May, Ethereum’s hashrate has been breaking records again, as it reached 132 petahash per second (PH/s) on Saturday, June 4. Presently, Ethereum’s hashrate is coasting along at 129 PH/s and the network’s top mining pool Ethermine...
Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3
30.5.2022
The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even...
L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow
17.5.2022
Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have...
Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown
15.5.2022
Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate large quantities...
Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed
4.5.2022
Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available...
ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51%
2.5.2022
The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review....
Ethereum Network Reaches Lowest 6-Month Figure in Gas Fee
18.4.2022
A gas fee for the Ethereum network is a fee that compensates for the consumption of energy that is spent in processing and validating a transaction. The users pay the Ethereum gas fee for every transaction they perform. Value depends on the network congestion and demand for particular services...
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
17.4.2022
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized fees have slid below $4 per transaction. Moreover, layer...
Average Ethereum Gas Fee Jumps to $20 per Transfer, L2 Fees Follow Rise
3.4.2022
While Ethereum network fees to transfer data dropped significantly in recent times, tapping a low of $5.98 per transaction in mid-March, gas fees are rising once again on the second-largest cryptocurrency network in terms of market valuation. On Sunday, April 3, the average transaction network...
$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months
21.3.2022
This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every...