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$ETH UP, BUT WHY? 🤔
Ethereum has a large and active developer community, as well as a significant user base. This network effect contributes to Ethereum's value proposition, as it boosts the probability of broad adoption and utilization of the platform. More are the people adopting $ETH and more fees are generated. That's the main reason behind its significant price increase. In fact, after examining the blockchain data, we can observe that in the last 7 days, $ETH has generated $84 million in fees. Actually, Ethereum has just outperformed all the others chains. Take a look
#EthereumCommunity #cryptoadoption #BlockchainTechnology #ETHPrice #fees
Ethereum has a large and active developer community, as well as a significant user base. This network effect contributes to Ethereum's value proposition, as it boosts the probability of broad adoption and utilization of the platform. More are the people adopting $ETH and more fees are generated. That's the main reason behind its significant price increase. In fact, after examining the blockchain data, we can observe that in the last 7 days, $ETH has generated $84 million in fees. Actually, Ethereum has just outperformed all the others chains. Take a look
#EthereumCommunity #cryptoadoption #BlockchainTechnology #ETHPrice #fees
🆒 Epic Fail: a user overpaid for a $100,000 transaction
An unknown user made a serious mistake when crosschain transferring his coins.
😱 By mistake, he paid a record commission of 41.35 ETH (over $108,000).
At the same time, the size of the transfer itself was only 0.51 WETH.
The average commission on the Ethereum network is now just 1.6dollar.
#ETH🔥🔥🔥🔥 #fees #EthereumPower
An unknown user made a serious mistake when crosschain transferring his coins.
😱 By mistake, he paid a record commission of 41.35 ETH (over $108,000).
At the same time, the size of the transfer itself was only 0.51 WETH.
The average commission on the Ethereum network is now just 1.6dollar.
#ETH🔥🔥🔥🔥 #fees #EthereumPower
Bitcoin has broken its daily transaction record, exceeding 926,000 transactions in one day.
Fees have dropped and business is booming! 😁
#Bitcoin #TransactionRecord #fees #CryptoBoom $BTC
Fees have dropped and business is booming! 😁
#Bitcoin #TransactionRecord #fees #CryptoBoom $BTC
Here's an interesting fact.
Out of all blockchains, @TRON DAO generated the most fees on 80 out of the past 90 days 🤯
$TRX #TRON #TronNetwork #Trondao #fees #TrendingTopic
Out of all blockchains, @TRON DAO generated the most fees on 80 out of the past 90 days 🤯
$TRX #TRON #TronNetwork #Trondao #fees #TrendingTopic
🔻🔻$BTC _________🔥 for BTC updates ⏫️⏫️⏫️
Bitcoin Network Transaction Fees Reach 9 Sat/vB with Over 112,000 Pending Transactions
BTC - SELL
Reason: The high transaction fee and large mempool size suggest network congestion, potentially lowering Bitcoin's short-term price.
Signal strength: HIGH
Signal time: 2024-03-24 11:59:41 GMT
#fees #congestion #shortterm #btcusdt #SignalAlert
Always DYOR. This is not a trading signal nor a call for smth, but our POV. What is yours?
Bitcoin Network Transaction Fees Reach 9 Sat/vB with Over 112,000 Pending Transactions
BTC - SELL
Reason: The high transaction fee and large mempool size suggest network congestion, potentially lowering Bitcoin's short-term price.
Signal strength: HIGH
Signal time: 2024-03-24 11:59:41 GMT
#fees #congestion #shortterm #btcusdt #SignalAlert
Always DYOR. This is not a trading signal nor a call for smth, but our POV. What is yours?
📣 #Bitcoin and #Ethereum transaction fees have dropped to their lowest levels in seven months.
As of June 23, the average $BTC transaction fee was $1.93
Similarly, $ETH gas fees have plummeted to as low as 1 gwei.
#transactionfees #fees #TrendingTopic
As of June 23, the average $BTC transaction fee was $1.93
Similarly, $ETH gas fees have plummeted to as low as 1 gwei.
#transactionfees #fees #TrendingTopic
Top 10 projects by 7D Fees - CryptoRank 🏆
1) $LDO 🥇
2) $RAY 🥈
3) $UNI 🥉
4) $AAVE
5) $JTO
6) $CAKE
7) $MKR
8) PUMP
9) bloXroute
10) Trojan
#Cryptoprojects #fees #CryptoNews🚀🔥 #Write2Earn! #BinanceTournament
1) $LDO 🥇
2) $RAY 🥈
3) $UNI 🥉
4) $AAVE
5) $JTO
6) $CAKE
7) $MKR
8) PUMP
9) bloXroute
10) Trojan
#Cryptoprojects #fees #CryptoNews🚀🔥 #Write2Earn! #BinanceTournament
💸 $751M — That's the total legal #fees earned by 22 top law firms handling seven Chapter 11 bankruptcies from the 2022 crypto fallout, per Bloomberg Law.
#FTX alone has generated over $312M in fees 🤔
#CryptoFees #Binancefeed #TrendingTopic
#FTX alone has generated over $312M in fees 🤔
#CryptoFees #Binancefeed #TrendingTopic
Epoch #51 Recap of #Thena activity❗
New epoch - new records! Let's see closer.
1️⃣Total #fees : $318,309
2️⃣Total #bribes🔥 : $73,535
3️⃣TVL: $35,300,727
4️⃣Volume: $64,660,000
5️⃣And MegaNews. NEW RECORD has been set.
Total Revenue: $391,845
6️⃣THENA is one of THE best remarkable #project in December 2024
7️⃣New Super THENA Zealy Sprint has started.
3 WEEKS / $6,000 REWARDS / 90 WINNERS
8️⃣Good news from #BNBChain . Thena is on 2d place by TVL incentive program.
New epoch - new records! Let's see closer.
1️⃣Total #fees : $318,309
2️⃣Total #bribes🔥 : $73,535
3️⃣TVL: $35,300,727
4️⃣Volume: $64,660,000
5️⃣And MegaNews. NEW RECORD has been set.
Total Revenue: $391,845
6️⃣THENA is one of THE best remarkable #project in December 2024
7️⃣New Super THENA Zealy Sprint has started.
3 WEEKS / $6,000 REWARDS / 90 WINNERS
8️⃣Good news from #BNBChain . Thena is on 2d place by TVL incentive program.
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🔥🇮🇹 Italy proposes to increase the tax on cryptocurrency profits from 26% to 42%:
The country's deputy finance minister said that the "phenomenon" of cryptocurrencies "is spreading in the country"
#TopCoinsSeptember #Italy #fees #crypto
The country's deputy finance minister said that the "phenomenon" of cryptocurrencies "is spreading in the country"
#TopCoinsSeptember #Italy #fees #crypto
Ethereum Transaction Fees Will Drop by 1/10. ♦️
Ethereum, the cornerstone of decentralized finance, is on the brink of a groundbreaking transformation with its upcoming Dencun upgrade scheduled for March 13, 2024. This eagerly awaited update introduces nine Ethereum Improvement Proposals (EIPs), with EIP-4844, also known as proto-danksharding, stealing the spotlight.
The real game-changer lies in the introduction of blob-carrying transactions under proto-danksharding. This innovation drastically reduces data storage on the consensus layer, with data storage moving off-chain and referencing through a hash. This not only simplifies transaction verification but also significantly lowers the data storage footprint.
Ethereum's Layer 2 solutions are expected to experience a minimum 10 times reduction in transaction fees. Transaction costs could plummet to as low as $0.02, making Ethereum more scalable and cost-effective. This is poised to accelerate the adoption of Ethereum's roll-up roadmap, making it more attractive and competitive in the crypto space.
Analyst "Wolf" boldly predicts a potential 500% bull run for Ethereum post the Dencun upgrade. Bullish trends in Ethereum's chart, combined with the upgrade's transformative potential, create a golden opportunity for investors. Price projections hint at an unprecedented $14,000, signaling a monumental leap for Ethereum.
Divergence is evident in the strategic approaches of Layer 2 solutions. Arbitrum's Orbit focuses on creating Layer 3 (L3) networks by leveraging existing liquidity, while Optimism deploys multiple L2s in parallel. This strategic diversity showcases the dynamic nature of Ethereum's ecosystem.
Ethereum's Dencun upgrade sets the stage for a transformative advancement in blockchain technology. The anticipation is palpable, with expectations that Ethereum will become more accessible and affordable for users worldwide. The crypto community eagerly awaits the unfolding of this pivotal moment in Ethereum's journey.
#ETH #ethereum #fees #EIPs
Ethereum, the cornerstone of decentralized finance, is on the brink of a groundbreaking transformation with its upcoming Dencun upgrade scheduled for March 13, 2024. This eagerly awaited update introduces nine Ethereum Improvement Proposals (EIPs), with EIP-4844, also known as proto-danksharding, stealing the spotlight.
The real game-changer lies in the introduction of blob-carrying transactions under proto-danksharding. This innovation drastically reduces data storage on the consensus layer, with data storage moving off-chain and referencing through a hash. This not only simplifies transaction verification but also significantly lowers the data storage footprint.
Ethereum's Layer 2 solutions are expected to experience a minimum 10 times reduction in transaction fees. Transaction costs could plummet to as low as $0.02, making Ethereum more scalable and cost-effective. This is poised to accelerate the adoption of Ethereum's roll-up roadmap, making it more attractive and competitive in the crypto space.
Analyst "Wolf" boldly predicts a potential 500% bull run for Ethereum post the Dencun upgrade. Bullish trends in Ethereum's chart, combined with the upgrade's transformative potential, create a golden opportunity for investors. Price projections hint at an unprecedented $14,000, signaling a monumental leap for Ethereum.
Divergence is evident in the strategic approaches of Layer 2 solutions. Arbitrum's Orbit focuses on creating Layer 3 (L3) networks by leveraging existing liquidity, while Optimism deploys multiple L2s in parallel. This strategic diversity showcases the dynamic nature of Ethereum's ecosystem.
Ethereum's Dencun upgrade sets the stage for a transformative advancement in blockchain technology. The anticipation is palpable, with expectations that Ethereum will become more accessible and affordable for users worldwide. The crypto community eagerly awaits the unfolding of this pivotal moment in Ethereum's journey.
#ETH #ethereum #fees #EIPs
Post-Dencun Ethereum Sees All-Time Low Fees 👍🏻
After the #Dencun upgrade, Ethereum’s mainnet #fees hit a record low as layer-2 (L2) transactions surged, driven by EIP-4844, which reduced L2 costs by 10x.
However, the reduction in fees burned has made $ETH #inflationary , reversing its recent deflationary trend.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
After the #Dencun upgrade, Ethereum’s mainnet #fees hit a record low as layer-2 (L2) transactions surged, driven by EIP-4844, which reduced L2 costs by 10x.
However, the reduction in fees burned has made $ETH #inflationary , reversing its recent deflationary trend.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
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How was your experience with the $HMSTR airdrop?
Mine was pretty cool (as we would say in Venezuela)
Why? Because although I really didn't have any expectations towards this token launch because the time I've been within the web3 ecosystem has made me understand how it really is that "the crypto ecosystem is taken advantage of" and airdrops are more than a way to multiply your capital or obtain large profits, they are more of a marketing technique that serves to promote a crypto project and in turn to be able to give a value within the market to the token, but the fact that it really is usually of great help for those who are starting in crypto as a strategy to have a capital in cryptocurrencies without requiring a greater investment than their time is not denied.
Clarifying the above, now I will make known the reason why I perceived that the modus operandi of the airdrop was not entirely attractive.
1) There were many obstacles when claiming the token, either to an exchange or a wallet.
2) There was a discrepancy with certain instructions and options.
For example, initially the hamter platform provided you with various ways to withdraw your tokens, however, when the deadline came it did not allow you to make any changes in the case that, for example, #binance did not allow you to request your tokens because you did not have verification #KYC
This, in my opinion, takes away the appeal for newbies to want or continue interacting with the crypto ecosystem, since they can see it as an unattractive obstacle or even as some indication that generates doubt in the credibility of what is promoted.
3) Shortage of Dapps or ways to exchange any token for ton to be able to pay the #fees in the case of withdrawing funds directly to a wallet.
What other variables did you observe that caused you dissatisfaction regarding the Hamster Kombat airdrop? I read them, since I want to know your experience and perspective.
Mine was pretty cool (as we would say in Venezuela)
Why? Because although I really didn't have any expectations towards this token launch because the time I've been within the web3 ecosystem has made me understand how it really is that "the crypto ecosystem is taken advantage of" and airdrops are more than a way to multiply your capital or obtain large profits, they are more of a marketing technique that serves to promote a crypto project and in turn to be able to give a value within the market to the token, but the fact that it really is usually of great help for those who are starting in crypto as a strategy to have a capital in cryptocurrencies without requiring a greater investment than their time is not denied.
Clarifying the above, now I will make known the reason why I perceived that the modus operandi of the airdrop was not entirely attractive.
1) There were many obstacles when claiming the token, either to an exchange or a wallet.
2) There was a discrepancy with certain instructions and options.
For example, initially the hamter platform provided you with various ways to withdraw your tokens, however, when the deadline came it did not allow you to make any changes in the case that, for example, #binance did not allow you to request your tokens because you did not have verification #KYC
This, in my opinion, takes away the appeal for newbies to want or continue interacting with the crypto ecosystem, since they can see it as an unattractive obstacle or even as some indication that generates doubt in the credibility of what is promoted.
3) Shortage of Dapps or ways to exchange any token for ton to be able to pay the #fees in the case of withdrawing funds directly to a wallet.
What other variables did you observe that caused you dissatisfaction regarding the Hamster Kombat airdrop? I read them, since I want to know your experience and perspective.
Why Binance is the Best Crypto Exchange in the Planet Earth
Binance is one of the most popular #cryptocurrency exchanges in the world, with a user base of over 100 million. Launched in 2017, it has quickly become the go-to exchange for many cryptocurrency traders due to its features and offerings. Some of which are as follows:
Trading Volume
Binance is known for having one of the highest trading volumes of any cryptocurrency exchange. This is an important factor for traders because high trading volumes mean that there is plenty of liquidity, making it easier to buy and sell cryptocurrencies quickly. With a high trading volume, Binance is a great choice for traders who want to execute large trades without experiencing significant price slippage.
Wide Range of Cryptocurrencies
Binance offers a wide range of cryptocurrencies for trading, including both well-known coins such as Bitcoin, Ethereum, and Litecoin, as well as smaller, less well-known coins. This means that traders can find a wide range of trading opportunities on Binance, and can diversify their portfolios easily. Additionally, Binance regularly adds new coins to its platform, providing traders with even more options.
Low Trading Fees
Binance has some of the lowest trading #fees in the industry, making it an attractive choice for traders who want to keep their costs low. The trading fees on Binance are typically 0.1% of the transaction value, but they can be lower if the trader uses Binance's own cryptocurrency, Binance Coin (#BNB ), to pay for the fees. This can result in significant savings over time for frequent traders.
User-Friendly Interface
Binance has a user-friendly interface that is easy to navigate, even for novice traders. The platform is available in multiple languages, making it accessible to traders around the world. Additionally, Binance has a mobile app that allows traders to trade on the go, providing even more convenience.
Robust Security Measures
#Binance takes #security very seriously, and has implemented several measures to protect its users' funds. These include two-factor authentication (2FA), cold storage for user funds, and regular security audits. Binance has also set up a Secure Asset Fund for Users (SAFU), which is a fund that Binance uses to compensate users in the event of a security breach or hack.
Final Words
#Binance's combination of high trading volume, wide range of cryptocurrencies, low trading fees, user-friendly interface, and robust security measures have made it one of the best crypto exchanges in the world. Its popularity among traders is a testament to its quality offerings and features. However, it is important to note that each trader has different needs and preferences, so it is important to research and compare different exchanges before choosing the best one for your trading needs.
Trading Volume
Binance is known for having one of the highest trading volumes of any cryptocurrency exchange. This is an important factor for traders because high trading volumes mean that there is plenty of liquidity, making it easier to buy and sell cryptocurrencies quickly. With a high trading volume, Binance is a great choice for traders who want to execute large trades without experiencing significant price slippage.
Wide Range of Cryptocurrencies
Binance offers a wide range of cryptocurrencies for trading, including both well-known coins such as Bitcoin, Ethereum, and Litecoin, as well as smaller, less well-known coins. This means that traders can find a wide range of trading opportunities on Binance, and can diversify their portfolios easily. Additionally, Binance regularly adds new coins to its platform, providing traders with even more options.
Low Trading Fees
Binance has some of the lowest trading #fees in the industry, making it an attractive choice for traders who want to keep their costs low. The trading fees on Binance are typically 0.1% of the transaction value, but they can be lower if the trader uses Binance's own cryptocurrency, Binance Coin (#BNB ), to pay for the fees. This can result in significant savings over time for frequent traders.
User-Friendly Interface
Binance has a user-friendly interface that is easy to navigate, even for novice traders. The platform is available in multiple languages, making it accessible to traders around the world. Additionally, Binance has a mobile app that allows traders to trade on the go, providing even more convenience.
Robust Security Measures
#Binance takes #security very seriously, and has implemented several measures to protect its users' funds. These include two-factor authentication (2FA), cold storage for user funds, and regular security audits. Binance has also set up a Secure Asset Fund for Users (SAFU), which is a fund that Binance uses to compensate users in the event of a security breach or hack.
Final Words
#Binance's combination of high trading volume, wide range of cryptocurrencies, low trading fees, user-friendly interface, and robust security measures have made it one of the best crypto exchanges in the world. Its popularity among traders is a testament to its quality offerings and features. However, it is important to note that each trader has different needs and preferences, so it is important to research and compare different exchanges before choosing the best one for your trading needs.
Why are Transaction Fees Rising on Blockchain Networks? 🚀
Transaction #fees surged across various blockchain networks due to a growing trend in inscriptions, notably Ordinals and NFTs.
Ethereum Virtual Machine (#EVM ) chains saw gas fees soar, with Avalanche and Arbitrum One recording substantial activity.
This phenomenon, akin to Bitcoin's Ordinals, involves embedding information in transaction data to create unique tokens, causing congestion and high fees.
The Bitcoin network also experienced a surge, hindering its peer-to-peer transaction function. These fee spikes, driving innovation and adoption of layer-2 solutions, reflect an escalating interest in NFTs and #Ordinals , evidenced by notable market volumes and capitalizations.
#Binance
#crypto2023
Transaction #fees surged across various blockchain networks due to a growing trend in inscriptions, notably Ordinals and NFTs.
Ethereum Virtual Machine (#EVM ) chains saw gas fees soar, with Avalanche and Arbitrum One recording substantial activity.
This phenomenon, akin to Bitcoin's Ordinals, involves embedding information in transaction data to create unique tokens, causing congestion and high fees.
The Bitcoin network also experienced a surge, hindering its peer-to-peer transaction function. These fee spikes, driving innovation and adoption of layer-2 solutions, reflect an escalating interest in NFTs and #Ordinals , evidenced by notable market volumes and capitalizations.
#Binance
#crypto2023