Ethereum's transaction volume is at an all-time high, but average gas fees have plummeted to near zero, reducing the network's fee revenue. This is due to successful scaling upgrades like Dencun and the upcoming Fusaka, which lower costs by shifting activity to Layer 2 networks. However, this efficiency means less ETH is burned, potentially increasing supply. Additionally, stablecoins like USDT are seeing significant outflows on Ethereum, signaling shifts in network usage. Analysts warn this trend may lead to price consolidation rather than sharp moves, and some experts call for improved mainnet capacity to retain more fee revenue and value within Ethereum's base layer.
On October 11, XRP's coin-margin long positions increased significantly by 12 percentage points to 78.32%, while Ethereum's long positions declined in both coin-margin and USDT-margin markets. Bitcoin and Solana also saw notable increases in long pos...
POAP founder @worthalter transferred 4,000 Ether (ETH) to the Gemini exchange on October 10, following a prior reduction of 8,000 ETH over six days. The latest transfer was valued at about $10.02 million, while the earlier 8,000 ETH was sold at an av...
South Korea's crypto market showed renewed risk appetite with a 79% advancer ratio among major tokens. Bitcoin traded slightly higher at 113.13 million won, while Ethereum also rose. Starknet on Bithumb led gains with a 51.3% jump, supported by stron...
Bitcoin ETFs have seen a slowdown in demand after nearly three years, though they continue to support Bitcoin's price recovery with positive net inflows of 30,000–40,000 BTC over the past month. Early October showed volatile ETF flows, with large inf...
Ethereum trades at $2,507 with a 0.8% daily gain but a 6.9% weekly loss. Since October 4, the entry queue for staking ETH has decreased by 100,924 ETH while the exit queue increased by 151,478 ETH, shrinking the buffer between them by 37.8%. This shi...
