With the broader crypto market suffering the downside risks, the token’s price action is moving all ways, giving conflicting signals. Some of them are charted in green, and the rest in red. Meanwhile, Ethereum (ETH), the largest altcoin, has been battling to shift its momentum upward to the fullest, but
As per the data released by CryptoSlam, NFT sales volume has surged by 27.65% to $62.58 million, slipping from last week’s $88.29 million. The market participation has collapsed, with NFT buyers slipping by 82.75% to 60,985 and sellers slipping by 77.69% to 56,228. NFT transactions got reduced by 23.64% to
The price of Ethereum failed one more time to cross the $3,300 mark, having price action obstructed amid cooling U.S. demand. The asset traded around $3,117 at the time of writing, down 6.24% in over one month. In the last week, the price of the token hovered between $3,008 and
Ethereum has achieved another milestone this week as it has activated its second Blob Parameter-Only (BPO) hard fork, an aimed upgrade made to widen data capacity and back rollup-based scaling before a broader set of changes planned for this year. The upgrade went live today and surged the blob limit
A significant surge in the on-chain user activity has been witnessed soon after the Fusaka upgrade rolled out in early December, with new addresses going up over 110% in the last month. Glassnode data reveals that the network is now adding around 292,000 new addresses every day, showing its fastest
The co-founder of Ethereum, Vitalik Buterin, has claimed that Ethereum has been successful in solving one of the biggest challenges in crypto, which is the blockchain trilemma. On January 4, Buterin highlighted the power of peer data availability sampling (PeerDAS) and zero-knowledge Ethereum virtual machines (ZK-EVMs), mentioning that these two
The number of daily transactions on Ethereum has positioned it at a new all-time high, as per the data. Adding more to this, a significant surge in the number of new and active addresses has also been witnessed. On December 31st, the seven-day moving average of transactions on the ETH
According to Etherscan, Ethereum’s daily transaction activities have fluctuated dramatically since the network’s launch in 2015. It recently achieved a new record, making about 2.2 million transactions on December 29 and 2.1 million on December 30. With that, transaction fees also significantly dropped. While attaining this milestone, the average fees
Ethereum, the world’s second-largest cryptocurrency, began a small upward move and crossed above $3,000 yesterday after a prolonged downturn, but it couldn’t sustain that momentum and failed near $3,048. Now, ETH is trading below the $2,950 range. Ethereum Attempts A Rebound, But The Price Dips Again According to CMC data,
Ethereum staking has flipped in a way that is pretty interesting lately. The queue for new validators is longer than the one for exiting now, which has not happened in about six months. Data on the chain shows around 739,824 ETH waiting to get activated, while only 349,867 ETH is
