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BREAKING: WatPoints mining will end September 15th đ
Source : Watcoin
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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#Ethereum (ETH), the second-largest cryptocurrency by market capitalization, heads into a trying period with its decentralized application activities going down notably. Despite these setbacks, Ethereum remains the market leader in terms of activity and development. But competition is edging closer-in the same period, Solana saw a 24% increase in DApp volumes, while BNB Chain saw a 23% increase. The current average transaction cost on Ethereum stands at $1.70, down from its previous highs but still not as low as other layer-1s. Scalability solutions have helped partially, but at the cost of extra complexity for users and added questions about the long-term sustainability of the network's security. The 3.3% staking yield for Ethereum is lagging against traditional instruments like bonds, with the 6-month US Treasury bill offering 4.6%. Currently, only 28.5% of ETH in circulation are at stake, significantly below the level of its competitors like Solana, which has 65.8%. ETH is currently trading at $2,390, gaining 2.9% after the FOMC meeting saw the Fed cut rates by 50 basis points. However, the ETH/BTC ratio recently hit a new low, suggesting that Ethereum is still underperforming Bitcoin.
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Approximate prices for #CatizenAI and #HamsterKombat tokens for the 1st trading day based on the current pre-market
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