Cryptocurrency Analysis and News Portal
Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. But they’re still not cheap.According to data sourced from Coinmetrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of March 9 totaled $11.14, placing it back
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Bitcoin mining is an important part of the bitcoin ecosystem. Miners who participate in mempools help to confirm transactions for which they receive a reward once a transaction is cleared. Usually, the mempool is ‘free’ and transactions go through easily with low fees but there are times when the mempool
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Got some Satoshi to send or Bitcoin (BTC) wallets to reorganize? It’s increasingly cheap to do so. According to an Arcane Research report, Bitcoin “transaction fees have stayed low since July 2021, showing no signs of rising.” Bitcoin mean tx fees remaining very low despite small hike last week. Source: Arcane
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According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners With Alchemy On Monday, the blockchain startup Starkware announced the team
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It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average
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Coinbase’s Q4 financial report vastly exceeded market expectations Thursday, after the firm posted $2.5 billion in net revenue for the quarter, beating analyst predictions by 27%. FactSet consensus had forecasted Coinbase to generate approximately $1.9 billion in revenue for the period. Notably, the popular crypto exchange more than doubled transaction revenue
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Ethereum’s volatile and often expensive gas fees can make the network difficult to use at times. However, the network’s sustained use amid high fees, juxtaposed with the rise of layer 2 and other ETH developments, brings a clear message to the surface. The high ETH fees actually prove that users
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The demand for decentralized finances (DeFi) keeps rising with the ecosystem reaching $100 billion in total value locked (TVL) during 2021. However, users seek safe and secure options capable of providing different products to earn rewards without having to pay a fortune on fees. Running on top of the Binance Smart
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The recent market downturn has taken a toll on crypto markets, with ether (ETH) off its November high by 36% at the time of writing. Perhaps more notable, however, has been the impact on network activity, such as transaction fees, decentralized finance (DeFi) trading volume and borrow rates across lenders. Source
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The average transaction fee on the Ethereum network has dropped to the lowest level in four months, according to statistics on February 13, 2022. Mid-September 2021 was the last time gas fees on Ethereum were this low, as average fees have dropped to roughly $15.13 per transfer. Ethereum Fees Slide
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