Category: Fees

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion

On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of […]

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Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours

While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. […]

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More than $1 billion worth of ether has been burned since Ethereum’s London upgrade

More than $1 billion worth of ether has been burned since Ethereum’s London upgrade

Since the introduction of Ethereum’s London upgrade on August 5, more than 297,000 ETH has been burned — worth just over $1 billion — according to The Block’s Data Dashboard. The upgrade added a new burning mechanism to transaction fees with the goal of making them easier to price. To make a transaction, you now […]

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Arbitrum Surpasses $1.5 Billion in TVL Following Rumors of a Possible Token Airdrop

Arbitrum Surpasses $1.5 Billion in TVL Following Rumors of a Possible Token Airdrop

Arbitrum, a second layer expansion rollup for Ethereum, has breached the $1.5 billion of total value locked (TVL) in protocols using its services. The smart contract recorded an influx of more than 1 billion just today after a rumor started in social media that the protocol might be planning to issue its own token in […]

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Robinhood Launches Recurring Crypto Buy Feature to ‘Help Smooth Out Price Swings’

Robinhood Launches Recurring Crypto Buy Feature to ‘Help Smooth Out Price Swings’

On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company’s announcement discusses the strategy of investment called dollar-cost averaging “in order to help smooth out the price swings.” Robinhood Rolls Out Recurring […]

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ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow

ETH 2.0 Contract Exceeds 7.4 Million Ether, Close to $30 Billion Locked, Liquid Staking Pools Grow

The Ethereum 2.0 contract now has more than 7.4 million ether worth over $29.3 billion using today’s ether exchange rates. According to statistics, the smart contract address is the largest holder of ethereum out of all the wallets in existence. Ethereum 2.0 Contract Nears $30 Billion In the early days, the Ethereum (ETH) protocol was […]

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Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes

Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes

Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, […]

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Ethereum Fees Jumped 154% Since Last Week, $400 Uniswap Fees, $1K to Interact With Opensea

Ethereum Fees Jumped 154% Since Last Week, $400 Uniswap Fees, $1K to Interact With Opensea

Following the bug and the split that occurred after a great number of Geth nodes did not upgrade, Ethereum fees have risen dramatically since August 21, jumping from $11 per transaction to today’s 0.0088 ether per transaction ($27.98). Ethereum Transaction Fees Skyrocket Ethereum is the second-largest crypto asset in terms of crypto market capitalization with […]

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More than 100,000 ETH ($300 million) has been burned following Ethereum’s latest upgrade

More than 100,000 ETH ($300 million) has been burned following Ethereum’s latest upgrade

Since Ethereum’s London upgrade was implemented — introducing the EIP-1559 fee burning mechanism — the network has burned a total of 100,000 ETH, worth $300 million, in just 20 days.  These coins are being burned during the transaction fee process. To make a transaction, you now pay a base fee, which gets burned, and a […]

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