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Questflow Labs Releases Community Incentive and Ambassador Program
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Data: ETH burn rate reaches a yearly low, with the daily burn volume once dropping to 210 ETH. Foresight News reported that, according to The Block, the daily ETH burn on the Ethereum network has dropped to a year-to-date low, with the network's base fee currently hovering between 1 to 2 gwei, a new multi-year low. Due to the relatively low gas fees, only 210 ETH were burned last Saturday. $BTC $ETH $BNB

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The Ethereum network burned 210 ETH on August 10, setting a new yearly low. On August 12, according to The Block, the daily ETH burn rate on the Ethereum network has dropped to the lowest level this year. The base fee is currently fluctuating between 1 to 2 gwei, which is one of the lowest levels observed in recent years. On Saturday, only 210 ETH were burned, setting a new low for the year, but the net ETH issuance for the day exceeded 2,000 ETH, indicating an inflationary trend in Ethereum. In comparison, on August 5, the burn rate reached 5,000 ETH, with gas fees at around 100 gwei. Gnosis founder Martin Köppelmann pointed out that the base fee is at a multi-year low of around 0.8 GWEI, while the amount required to offset staking rewards is 23.9 GWEI. $BTC $ETH $BNB

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Supra Kin CEO Joshua Tobkin: Supra aims to build an integrated blockchain to empower super DApps. Foresight News reported that at the "FORESIGHT 2024" annual summit, Joshua Tobkin, co-founder and CEO of Supra, delivered a keynote speech titled "Supra Layer1: An Integrated Blockchain Empowering the Next Generation of Super DApps". Tobkin stated that Supra aims to break through the various limitations on Ethereum, providing an integrated blockchain for super DApps. Unlike a modular architecture, Supra proposes a fully vertically integrated solution to simplify the user and developer experience in managing different tokens and services. Supra adopts the MoonShot consensus algorithm and uses a Shuffle mechanism to periodically adjust and reorganize nodes and clients to enhance network vitality. To attract developers, Supra has launched a $1 million developer competition to support innovative projects in the form of tokens, and currently, 150 projects have expressed interest in deploying on Supra. The "FORESIGHT 2024" annual summit will be held from August 11 to August 12 at the Marriott Hotel in Ocean Park, Hong Kong. The Foresight News website is now available for live streaming of the entire event. The summit is co-hosted by Foresight Ventures, Foresight News, and The Block, aiming to provide a platform for global Web3 builders to exchange ideas and bridge the East and West. $BTC $ETH $BNB

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Data: ETH burn rate reaches a yearly low, with the daily burn volume once dropping to 210 ETH. ChainCatcher news, the daily ETH burn on the Ethereum network has dropped to a year-to-date low, with the network's base fee currently hovering between 1 and 2 gwei, a new multi-year low, which has impacted ETH issuance. Due to the lower Gas fees, only 210 ETH were burned last Saturday. In contrast, on August 5th, when Gas fees reached around 100 gwei, the daily burn rate soared to 5,000 ETH. $BTC $ETH $BNB

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ETH burn rate reaches a low point for the year, with the daily burn volume once dropping to 210 ETH. Odaily reports that the daily ETH burn on the Ethereum network has dropped to a year-to-date low. As of the time of writing, the network's base fee is hovering between 1 and 2 gwei, a multi-year low, which has impacted ETH issuance. Due to the lower Gas fees, only 210 ETH were burned last Saturday. In comparison, on August 5th, when Gas fees reached around 100 gwei, the daily burn rate spiked to 5,000 ETH. (The Block) $BTC $ETH $BNB

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