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.
U.S. spot Ether (ETH) exchange-traded funds experienced significant net outflows of $110.6 million on October 22, following a brief inflow of $14.9 million on October 21 that failed to offset losses from the previous five sessions. From October 14 to...
Ethereum's development team has postponed the Glamsterdam upgrade on the Hoodi test network because of security concerns related to changes in gas rules that might affect existing smart contracts. This delay raises questions about the network's stabi...
An Ethereum wallet that had been inactive for 9.5 years transferred 3,000 ETH to the Kraken exchange on October 22. When these tokens were withdrawn from Gemini in 2017, they were valued at $19 each, totaling about $56,000. The current value of the t...
Bitcoin dropped to around $81,000 amid a tech sector sell-off that pressured risk assets, including cryptocurrencies. Despite this, institutional demand remains strong, with US spot Bitcoin ETFs seeing $528 million in inflows over three days, led by ...
On October 22, Binance's Ethereum perpetual futures market recorded a single liquidation of a long position valued at $2.4 million. The liquidation occurred when the ETH price hit $2,400. This event highlights the risks involved in leveraged trading ...
