Tag: ethereum fees

Ethereum is one of the most widely used blockchains in the crypto space. An increasing number of users enter the network each day. Amidst this, there have always been growing concerns about ETH fee rates. Fee rates have usually gone up in times of high network congestions. But recently, with the growing popularity of NFTs, these fees have gotten out of control. Since...

The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million The Ether ETF offers investor exposure to Ethereum and is listed on the Toronto Stock Exchange Interest in ETH continues to grow grown as Ethereum transitions to a Proof of Stake algorithm Ethereum might not dump after the London Upgrade on August 4th due to fundamentals and future growth The...

Ethereum's current on-chain metrics provide a 50:50 probability of ETH going either way However, similarities between the 2017/18 cycle and the current environment, point towards a dip by Ethereum Ethereum has also printed a rising wedge pattern that provides further proof of a pending pullback to lower levels of $1,750 Implementation of EIP1559 could be a 'sell the news event' but time will...

Gas fees on the Ethereum network have dropped to levels last seen in December 2020 However, social sentiment towards Ethereum remains at historic lows Ethereum is once again trading above $2k with $2,400 to $2,500 a likely short- term target There is a death cross forming on the daily ETH/USDT chart Gas fees on the Ethereum network have decreased significantly since their peak value...

ETH/BTC pair is hovering at levels last seen during the 2017/2018 bull market According to PlanB, Ethereum at current levels of 0.08 BTC could open the doors to 0.12 BTC He however cautions that a pullback is usually the next phase after an altcoin peaks against Bitcoin An increase in Ethereum withdrawals from exchanges hints that a top is not in for ETH...

The Ethereum network has settled $1.5 Trillion in transactions in the first quarter of 2021 This amount exceeds the last 7 quarters combined and the highest to date, in a quarter Ethereum could settle $6 Trillion by the end of 2021 According to Arthur Hayes, Ethereum is the most developed smart contract network in the blockchain industry The Ethereum network settled a staggering...

Summary: Ethereum blocks are consistently full since the rise of DeFi in mid-2020 The majority of Ethereum blocks are at 95% or more Blocks can only include a specific amount of transactions and users are consistently paying higher fees to get their transaction processed quicker Transaction fees now make up 50% of Ethereum miner revenue Blocks on the Ethereum network are consistently processing...

Ethereum governance put forward a proposal on Feb 26 for removal of gas refunds, because of their negative effects on the blockchain. It was authored by Vitalik Buterin and Martin Swende. There is a high likelihood that EIP 3298 will be implemented in the London hardfork....

Ethereum governance put forward a proposal on Feb 26 for removal of gas refunds, because of their negative effects on the blockchain. It was authored by Vitalik Buterin and Martin Swende. There is a high likelihood that EIP 3298 will be implemented in the London hardfork....

In brief: Ethereum miners have earned $3.5 Million in ETH in a single hour This amount is the highest in Ethereum's history The Ethereum network is also experiencing high gas fees with an average transaction costing $12 High gas fees on Ethereum could cause an exodus by developers and users to other blockchain networks Ethereum miners have just earned a whopping $3.5 million...

Quick take: Ethereum daily transaction fees just hit an all-time high of $22 million This exceeds Bitcoin's record of $21.4 million for daily fees Ethereum has also hit an all-time high of $1,695 - Binance rate Grayscale has accumulated 47k ETH in the last 24 hours and 70,791 ETH since it opened subscriptions this week Ethereum has since dipped below $1,600 in what...

Ethereum just created a new all time high price record of $ 1539 on 3rd Feb '21. However, that wasn't the only achievement from the camp of the largest smart contracts platform in the world, which has been flooded with new achievements and records lately. According to crypto-analytics group glassnode, Ethereum protocol generated a whooping $325 million in Jan '21. This makes Ethereum...

Quick take: Ethereum whales holding 10,000+ ETH increased from 1,211 to 1,225 The increment was experienced after Ethereum hit a new all-time high However, smaller Ethereum addresses have taken profits Ethereum is still above $1,200 despite Bitcoin suffering a minor dump The number of Ethereum whales holding 10,000 or more ETH increased by 14 from 1,211 to 1,225. This is according to data...

The price of bitcoin has traded in a tight range Tuesday.

Summary: Ethereum's tweet volume is at an all-time high This comes after Ethereum's price broke the $1,000 ceiling that is now acting as support High ETH gas fees is also another reason that Ethereum conversations on Twitter are high The amount of discussions on Twitter surrounding Ethereum is at an all- time high. This is according to data from the team at The Tie...

Ether continues its uptrend thanks to the recent PayPal announcement, breaking the psychological level of...