Ethereum's daily transaction fees hit an 8-month low of $2.8M on Sunday, according to data tracked by blockchain analytics firm CryptoQuant. A decline in total fees paid indicates low network usage, but could point to a rise in popularity of Ethereum layer 2 scaling solutions. CoinDesk's Jennifer Sanasie presents 'The Chart of the Day.'
Ethereum's daily transaction fees hit an 8-month low of $2.8M on Sunday, according to data tracked by blockchain analytics firm CryptoQuant.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum's Daily Transaction Fees Hits 8-Month Low of $2.8MEthereum's daily total fees fell to 1,719 ETH ($2.8 million) on Sunday, the lowest single-day total since Dec. 26.
Read more »
Bitcoin Transaction Fees Plunge 15% This Week Amid Slower ActivityBitcoin transaction fees have plummeted over 15% this week to $3.3 million, according to analytics firm IntoTheBlock
Read more »
Friend.tech critics declare the platform dead as transaction volume drops 95%BASE’s decentralized social network Friend.tech is in a state of decline less than three weeks after its launch on the chain. Several users and critic
Read more »
Balancer exploited in nearly $900k after vulnerability warningEthereum automated market maker Balancer was exploited for nearly $900,000, the protocol confirmed on Aug. 27.
Read more »
OnlyFans’ parent company bought $20M of Ethereum as revenue surgedOnlyFans parent company Fenix international purchased almost $20 million worth of Ethereum between 2021 and 2022. However, due to the crypto bear market that investment fell by more than 42% to $11.4 million by November last year.
Read more »
Shibarium team reopens bridge withdrawals on mainnetShibarium, a Layer 2 blockchain, reopened fund withdrawals on its bridge to Ethereum.
Read more »