Finance Redefined: Uniswap goes against the bearish trends, overtakes Ethereum
The top 100 DeFi tokens showed signs of recovery after last week’s mayhem, and many of the these tokens registered double-digit gains. Go to Source Powered by WPeMatico
Fees
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Coinbase to shut down Coinbase Pro to merge trading services
Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies. Go to Source Powered by WPeMatico
DeFi summer 3.0? Uniswap overtakes Ethereum on fees, DeFi outperforms
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI. Go to Source Powered by WPeMatico
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
L2 scaling solution Synthetix collaborated with Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC and sUSD/3CRV, allowing investors to convert synths into tokens. Go to Source Powered by WPeMatico
Ethereum price risks a drop below $1K if these key price metrics turn bearish
Two key Ethereum price metrics have yet to turn bearish, but it won’t take much to trigger an ETH drop below $1,000. Go to Source Powered by WPeMatico
Defi Educator Says $22 Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS Transition
As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be … Read more
Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH
The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its capacity. Go to Source Powered by WPeMatico
Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3
The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the … Read more
L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow
Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have been … Read more
Will the Ethereum 2.0 update reduce high gas fees?
Ethereum’s gas fees have long been an issue among its users. Will Ethereum 2.0 finally eliminate this problem? Go to Source Powered by WPeMatico
