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05 Jun 23

Ethereum gas fees rising amid meme coin hype

It is widely recognized that cryptocurrencies are subject to volatility, which is no longer a surprising fact. The crypto winter in 2022 led to several incidents and events that brought digital currencies to the forefront of discussions. As anticipated, much of the attention revolved around bitcoin (BTC) and ethereum (ETH), the two largest coins in […]

23 May 23

Optimizations to Polygon zkEVM expected to slash fees by 20%

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon zkEVM, a layer-2 scaling solution, will undergo optimizations in the following weeks, drastically reducing costs by about 20%, even without data compression. This change should make the platform more cost-effective and convenient for its users. A recent Twitter conversation, however, […]

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14 May 23

Rhodium allegedly responsible for $26m in unpaid fees

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Riot Platforms, a company that mined cryptocurrencies and was previously known as Riot Blockchain, has filed a lawsuit against Rhodium Enterprises, a bitcoin miner headquartered in Texas. It attempts to collect more than $26 million in allegedly unpaid mining facility fees. Rhodium Enterprises […]

09 May 23

Trader pays almost $120k in ETH as transaction fees rise

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Gas fees on the Ethereum network seem to be high again after a trader paid 64 ETH, worth around $120,000, for a single transaction. 64 ETH for one transaction Data from Etherscan revealed that a trader fadedface.eth bought 84 ETH worth […]

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05 May 23

Ethereum gas fees spike to a one-year high amidst PEPE craze

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On-chain data shows 31,700 ethereum (ETH) have been burned in the last week. The spike is due to the latest mania over pepecoin (PEPE). This development has pushed Ethereum’s transaction costs even higher. At the beginning of this week, the daily […]

19 Apr 23

Bitcoin miner revenue from fees declines amid a drop from $30k

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin (BTC) miners are witnessing a significant decline in revenue generated from transaction fees amid the asset’s drop from the highly-coveted $30,000 price point. This metric suggests that market participants are paying fewer transaction fees on the bitcoin network. The percentage […]

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11 Apr 23

Ethereum generates $743m in fees over 6 months, outpaces rivals and bitcoin

Ethereum (ETH) continues to be the top dog when it comes to generating fees in the blockchain world, signaling its unwavering adoption and growth. In an April 10 report, blockchain data firm Token Terminal revealed that Ethereum generated more than double the fees of its nearest competitor over the past six months, raking in a […]

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07 Apr 23

DCG’s mining subsidiary to introduce access fees

Bitcoin (BTC) mining pool Foundry USA has reportedly notified its users of its plans to introduce service access fees. Its parent firm, Digital Currency Group, is one of the entities hit hard by Sam Bankman-Fried’s FTX collapse. Foundry USA, a leading New York-based bitcoin mining pool from the stables of the Digital Currency Group, has […]

24 Mar 23

BAYC clones rise as BTC ordinals fees spike

As a result of the increased interest in digital collectibles sparked by replicas of a top NFT line, the total number of bitcoin ordinals has already surpassed 550,000. According to a study published by Dune Analytics, the total daily transaction costs for minting bitcoin ordinal inscriptions hit a new all-time high on March 23 at […]

Ethereum gas fees rising amid meme coin hype

Optimizations to Polygon zkEVM expected to slash fees by 20%

Rhodium allegedly responsible for $26m in unpaid fees

Trader pays almost $120k in ETH as transaction fees rise

Ethereum gas fees spike to a one-year high amidst PEPE craze

Bitcoin miner revenue from fees declines amid a drop from $30k

Ethereum generates $743m in fees over 6 months, outpaces rivals and bitcoin

DCG’s mining subsidiary to introduce access fees

BAYC clones rise as BTC ordinals fees spike

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