Ethereum Foundation clarifies that the upcoming Merge upgrade will not reduce gas fees
The Merge will still reduce the network’s energy consumption by an estimated 99.5%. Go to Source Powered by WPeMatico
gas fees
Auto Added by WPeMatico
Ethereum Transfer Costs Continue to Slide — Network Fees Tap a 19-Month Low
On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022. Ethereum Fees … Read more
OpenSea announces migration to Seaport protocol
The firm estimated that users can save 35% on gas fees with newly optimized transaction efficiency. Go to Source Powered by WPeMatico
Ethereum’s popularity ‘a double-edged sword’ — a16z’s State of Crypto Report
“Ethereum’s overwhelming mindshare helps explain why its users have been willing to pay more than $15 million in fees per day on average just to use the blockchain,” a16z stated. Go to Source Powered by WPeMatico
Polygon reaches level that last time triggered a 275% MATIC price rally — will history repeat?
MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon’s partnership with Meta. Go to Source Powered by WPeMatico
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH or 56% of all burns during that period. Go to Source Powered by WPeMatico
‘100x Lower Than L1 Fees’ — Alchemy Integrates Ethereum L2 Product Starknet to Increase Web3 Scalability
According to the startup Starkware, the team’s Ethereum layer two (L2) service Starknet has been integrated by the blockchain API and node service Alchemy. Developers can now leverage Alchemy’s infrastructure tools alongside Starknet’s zero-knowledge (ZK) rollup technology. Israel-Based Startup Starkware Partners With Alchemy On Monday, the blockchain startup Starkware announced the team has inked a … Read more
Nifty News: Collector spends $488K minting Tubby Cats, NFT vending machine
The floor price of Lana Rhoades NFT project has dropped 96.1% while a 24/7 Solana NFT vending machine was officially launched in New York this week. Go to Source Powered by WPeMatico
Vitalik proposes new ‘multidimensional’ Ethereum fee structure
Calculating different gas prices for different resource usage may streamline the current fee structure for Ethereum according to Buterin. Go to Source Powered by WPeMatico
Ethereum bulls likely to profit $130 million on ETH options despite two-week slump
$1.25 billion in ETH options expire on Nov. 26 and bulls are better positioned above $4,200. Go to Source Powered by WPeMatico
