Ethereum Gas Fees Reach Historic Low: Transactions Drop to Just 1 Gwei as L2 Activity Surges
TL;DR The average gas price on Ethereum has dropped to 1.9 gwei, the lowest level in five years. Low-priority transactions now cost around 1 gwei, a
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was created by Vitalik Buterin in 2013 as a way to expand the functionality of blockchain technology.
Ethereum’s native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services on the network. Ethereum’s smart contract functionality allows developers to create self-executing contracts that can automate complex transactions and operations, such as the transfer of assets, voting systems, and more. Ethereum’s flexibility and community support have made it a popular choice for building decentralized applications and other blockchain-based projects.
TL;DR The average gas price on Ethereum has dropped to 1.9 gwei, the lowest level in five years. Low-priority transactions now cost around 1 gwei, a
TL;DR Bitcoin’s V-Shape Recovery: After a 30% drop due to Japan’s economic policy changes, Bitcoin rebounded sharply, trading at around $60,000 with a 6% surge. Analyst
TL;DR Market Stabilization: Cryptocurrency and financial markets began stabilizing midweek after significant declines from August 2 to August 5, influenced by traditional market volatility. Grayscale’s Optimism:
TL;DR Bybit launches the ETH-BTC Dual Asset product, allowing users to trade BTC and ETH without converting to USDT. The new product is designed to enhance
TL;DR The most severe crypto market correction remains that of March 2020, with a 39.6% drop in a single day, reducing the market capitalization to $135.14
TL;DR BlackRock and Nasdaq have filed with the SEC to introduce options for the iShares Ethereum Trust (ETHA), marking a significant step in expanding Ethereum investment
TL;DR The Ronin Network, a blockchain platform focused on gaming, announced the return of $10 million in USDC by white hat hackers, who will receive a
TL;DR Ronin Bridge Hacked: The Ethereum sidechain Ronin Bridge, crucial for transferring assets in the popular play-to-earn NFT game Axie Infinity, suffered a breach. Malicious actors stole 3,996
TL;DR The creation of new Ethereum addresses has dropped to its lowest level of the year, reflecting a cooling demand for the digital asset. ETH network
TL;DR Nomad Bridge Exploiter’s Buying Spree: Amid the crypto market downturn, hackers have seized the opportunity to acquire more digital assets. The Nomad Bridge Exploiter managed to
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