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Meme token speculation raises on-chain fees to record highs


Speculation on meme tokens is escalating dramatically on the cryptocurrency market, influencing on-chain activity and transaction fees. This week, we delve into the performance of meme tokens and their impact on the blockchain ecosystem. Furthermore, how the anticipated Dencun upgrade will assist...

Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability


Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur...

Smog Price Prediction Parabolic After 70% Gains, Next New Binance Listing?


Traders are wondering if this Solana meme coin could follow in the footsteps of DogWifHat after a significant 70% price increase. As SMOG’s price analysis indicates buying opportunities still exist, speculation is rife that a potential Binance listing could catalyze further gains. This...

Gate.io announces support for $SOULS token migration


Gate.io has announced its support for the migration of $SOULS tokens. The move comes after The Unfettered project experienced a hacking incident. The token swap will happen in a ratio of 1:1. Gate.io will support the swap services via a new ID. Users of Gate.io who already hold the token will...

Sony Files ‘Super-Fungible Token’ NFT Patent


Sony, the Japanese electronics behemoth, has filed a patent involving the use of non-fungible tokens (NFTs) as part of in-game mechanics. Sony’s patent describes the usage of a “Super-Fungible Token,” an amalgamation of a set of gaming assets, allowing the selection of only one...

Optimism Foundation Executes $89 Million OP Private Token Transaction


The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s...

Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained


Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers...

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