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Ethereum’s popularity 'a double-edged sword’ — a16z's State of Crypto Report
18.5.2022
“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
L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow
17.5.2022
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...
US and EU Look to Blockchain to Track Greenhouse Gas Emissions
16.5.2022
Will the Ethereum 2.0 update reduce high gas fees?
14.5.2022
Ethereum’s gas fees have long been an issue among its users. Will Ethereum 2.0 finally eliminate this problem?
Crypto donations fund ATVs and gas masks for Ukrainian military
13.5.2022
Ukraine's ministry of digital transformation has utilized cryptocurrency, nonfungible tokens, and even CryptoPunks in an effort to fund its military and humanitarian aid
BOBA Token Can Now Be Used to Pay Gas Fees
12.5.2022
The BobaDAO proposed a governance protocol to allow gas fee payments in BOBA tokens earlier in April. As surprising as it may seem, the decision got a whopping million BOBAs voting in favor of it while not a single vote was cast against it. Now, the network has moved forward with the decision after...
Polygon reaches level that last time triggered a 275% MATIC price rally — will history repeat?
10.5.2022
MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon's partnership with Meta
Boba Network to Offer Lower Gas Fees on Ethereum via BOBA Token
10.5.2022
The network has implemented single-token gas payments on its blockchain, allowing users to pay 25% lesser in gas fees if they use BOBA instead of ether
Yuga Labs Refunds Gas Fees for Failed ‘Otherdeed’ Transactions
4.5.2022
The firm behind the Bored Ape Yacht Club NFT collection is looking to make amends for its chaotic virtual land sale with refunds to all users whose transactions failed during minting
Vitalik: L2 transaction fees need to be under 5c to be 'truly acceptable'
4.5.2022
Despite Layer-2s offering relatively cheap transactions, Vitalik Buterin said that all transactions need to be under $0.05 to be truly acceptable
ApeCoin Drops, Ether Trades Flat After Record $200M Gas Burn
2.5.2022
Over 71,000 ether were burned on Sunday amid demand for a new NFT project. But that did little to affect ether prices as the broader market traded flat
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
2.5.2022
Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH or 56% of all burns during that period
ETH gas price surges as Yuga Labs cashes in $300M selling Otherside NFTs
1.5.2022
While the Otherdeed NFTs could be minted only in APE, it also required ETH for gas fees
US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts
24.4.2022
Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with environmental...
Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million
22.4.2022
On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the Series C equity funding round was led by the climate technology venture capital firm G2 Venture...
MetaRace Horse Racing, the First “Play to Earn” DApp on the Caduceus Blockchain
22.4.2022
PRESS RELEASE. On April 18th, MetaRace Horse Racing was officially launched on the decentralized edge rendering Metaverse protocol – Caduceus. It is the first “Play to Earn ” game launched on Caduceus, co-built by MetaverseGraph Labs. The high gas cost of Ethereum and the slow transaction...
Flared-Gas Bitcoin Miner Crusoe Energy Raises $350M Series C
21.4.2022
The company is also bringing on additional credit facilities of up to $155 million
Makerdao Plans to Integrate Ethereum L2 Solution Starknet to Lower DAI Transaction Costs
20.4.2022
The decentralized finance (defi) project Makerdao has announced its plans to support the zero-knowledge (ZK) rollup solution Starknet in order to make DAI transactions faster and network costs cheaper. Starknet will be integrated into the defi protocol on April 28, 2022, as part...
Ethereum Network Reaches Lowest 6-Month Figure in Gas Fee
18.4.2022
A gas fee for the Ethereum network is a fee that compensates for the consumption of energy that is spent in processing and validating a transaction. The users pay the Ethereum gas fee for every transaction they perform. Value depends on the network congestion and demand for particular services...
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
17.4.2022
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized fees have slid below $4 per transaction. Moreover, layer...