Users of Ethereum have long had to deal with high gas prices because of the network’s popularity, which causes fees to increase during busy periods. Users of the Polygon network may have discovered some relief in April, though. Data shows that compared to Ethereum Mainnet, Polygon’s daily average gas rates
In recent times, Ethereum has undergone a series of significant upgrades. These include transitioning from the proof-of-work to the proof-of-stake consensus, as well as the recent Shapella upgrade, which resulted in several alterations to the network. Following the Shapella upgrade, one of the most notable changes to the network is
In the last several weeks, significant progress has been made on Polkadot, a network protocol that enables a multi-chain application environment. A similar pattern was seen in February of 2023, as previously reported. However, the $DOT cryptocurrency, like the rest of the crypto market, is affected by the general dynamics
Circle, the issuer of the USD Coin, has launched the Cross-Chain Transfer Protocol (CCTP) on the mainnet for Ethereum and Avax, according to an announcement on April 26. The new protocol allows users to transfer USDC between Ethereum (ETH) and Avalanche (AVAX). 1/ Today marks a new milestone! Cross-Chain Transfer
The crypto market has witnessed lots of ups and downs in recent days. The U.S. Securities and Exchange Commission chairman, Gary Gensler, refused to answer the questions about whether Ethereum (ETH) should be considered a security or not. This leaves the crypto industry in an uncertain position about the future
The largest Pepe coin (PEPE) holder has more than $1 million worth of the token under their control. That indicated the “risks of concentration” looming over the near-term future of the popular memecoin. Analysts have expressed concern over the actions of investors who purchased relatively large amounts of Pepe after
Since breaking above $30,000 earlier this month for the first time since June 2022, Bitcoin (BTC) has lost momentum and reached a nearly four-week low. On Monday, the largest cryptocurrency showed little change after dropping as much as 1.9% to $26,989. Also, the price of Bitcoin fell below $27,000 for
In a surprising move, an Ethereum ICO participant recently awoken from a seven-and-a-half-year dormancy to transfer one ETH to a new address. According to a Lookonchain tweet, the investor had received 2,365 ETH during the Ethereum Genesis ICO. An Ethereum ICO participant woke up after 7.7 years of dormancy and
Earlier this week, an anonymous bot operator using a Maximal Extractable Value (MEV) strategy reportedly made over $1 million using what is known as a sandwich attack, essentially a tool by which an operator takes over a mempool to validate transactions and seek arbitrage on giant pools of transactions. The
As the whole NFT market collapsed to trade numbers not seen in years, last week saw the floor prices for “blue chip” NFT collections CryptoPunks and Bored Ape Yacht Club (BAYC) fall significantly below $100k worth of ETH for the first time in months. The NFT market has recovered significantly,
