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Search Results for: Ethereum

Ethereum Validators Reap Benefits as Pepe Coin Gains Popularity

Meme coins have been a familiar presence in the cryptocurrency space, often featuring popular animals like cats and dogs. Recently, a new participant, Pepe Coin, has emerged in this domain, attracting attention with its notable price performance. Early investors in Pepe Coin have experienced significant returns, ranging from hundreds to

May 8, 2023 1 min read

Ethereum (ETH) in Deep Deflation, Signs Aiming to Boom?

The second-largest cryptocurrency, Ethereum (ETH), regained popularity. One potential driver for ETH’s rebound is its appeal as a “deflationary asset.” This trend is on the back of growing on-chain activity, led primarily by DEXes, NFT platforms, and stablecoins. Due to a spike in on-chain activity on protocols such as Uniswap,

May 8, 2023 2 mins read

Ethereum Staking Deposit Outnumbers Withdrawal

After waiting for the Shanghai update, Ethereum stakers may now make withdrawals. Since the staking option was initially unveiled in December 2020, several people had been holding out in anticipation. The fact that Kraken’s U.S. staking clients seem to have been more or less drained from the system is perhaps

May 7, 2023 1 min read

Vitalik Buterin and Ethereum Foundation Transfer Over 15K ETH to Kraken

The Ethereum Foundation dumped 15,000 ETH to a cryptocurrency exchange on Friday, one day after Ethereum developer Vitalik Buterin dropped 200 ETH. To cover overhead costs, the Ethereum Foundation sometimes sells a few Ether (ETH), and Vitalik Buterin often trades in the meme coins that accumulate in his wallet for

May 6, 2023 1 min read

Ethereum (ETH) Fees Hit May’22 High; Pepe Is the Reason?

Ethereum (ETH) transaction fees have again hit highs since May 2022. A spike in transactions on the Ethereum blockchain also involving meme-based tokens such as Pepe (PEPE) and Wojak (WOJAK) has driven up traffic on the network, pushing the average fee rate to the highest in nearly one year while

May 5, 2023 2 mins read

What Next on Ethereum Roadmap After Shapella Upgrade?

The Ethereum roadmap remains extensive with several significant upgrades still in the pipeline. Over the next six months, Ethereum has planned upgrades to staking withdrawals, as well as various new applications that will enhance the blockchain’s security and provide a better user experience.  With the implementation of Proto-Danksharding, a new

May 5, 2023 2 mins read

Optimism Leverages Ethereum Attestation Service to Boost User Trust

Optimism, an Ethereum-based layer 2 companion blockchain, is going to utilize the Ethereum Attestation Service (EAS). The Ethereum Attestation Service (EAS) is an on-chain attestation system. That enables users to assess the integrity of the platform’s users and vouch for whether anything transpired on the blockchain. The Ethereum Attestation Service

May 5, 2023 1 min read

Ethereum (ETH) Fees Spike to 87 Gwei as Memecoin Frenzy Continues

The current enthusiasm for memecoin has led to higher gas costs on the Ethereum network, which peaked at 87 gwei on May 2. This price rise is the consequence of the enthusiasm causing excessive congestion.  Last time Ethereum median gas was this high was in May 2022 ⛽️ source: https://t.co/bjIOV2m4Cd

May 5, 2023 2 mins read