Ethereum Watch

Advertisements A new Ethereum “gas token” can help users save on fees by storing cheap gas in periods of inactivity, using a clever contract trick that refunds gas when freeing storage. Ethereum (ETH)’s fees are hard-coded to only be payable in Ether, but a clever trick with smart contracts allows users to effectively pay for […]

The trend in the crypto market is often compared with Bitcoin [BTC] to define progress. However, Ethereum’s [ETH] on-chain metrics have been noticing a pump independent of Bitcoin market performance. According to data provider Glassnode, on 7 June, Ethereum’s daily network fees surpassed bitcoin’s fees. As Bitcoin fees continued to plummet to $308k, ETH’s fees […]

Advertisements Daily Ethereum network fees have surpassed those of the Bitcoin network and the gap is growing, recent data suggests. Daily Ethereum network fees surpassed those of the Bitcoin (BTC) network for two consecutive days on June 6 and June 7, data obtained by on-chain market analysis firm Glassnode shows. According to Glassnode, on June […]

In the wider Ethereum ecosystem, DeFi has witnessed significant success over the last year. The Total value locked [USD] in DeFi skyrocketed to $1.25 billion on February 13th. This did not last long as it witnessed half of its value disappear along with the entire crypto-asset class shortly. The TVL in DeFi was reduced to […]

Advertisements Ethereum has recorded higher daily total network fees than Bitcoin for two consecutive days. The rare event indicates increased activity and growing adoption for the network. On June 6, Ethereum’s daily total network fees topped that of Bitcoin. Ethereum has accrued an average daily network transaction total of roughly $502,000 and $546,000 on June […]

Bitcoin may be down 50% from its all-time highs, but Ethereum has registered an even more harrowing performance. Even after rallying approximately 175% from the March lows, the asset remains more than 80% below its all-time high of $1,430.Some have remarked that the asset’s inability to recover is a death knell for Ethereum bulls, but […]

The second-largest cryptocurrency, Ethereum has been pushing for higher gains. The accumulation pattern has been strong throughout the month which indicated that investors were anticipating a price surge in the near future as the ecosystem nears the launch of Ethereum 2.0. Advertisements Ethereum [ETH] 1-Day Chart: Source: ETH/USD on TradingView Ethereum has been consistently following […]

Altcoins have always exhibited a strong correlation with Bitcoin and tend to follow its price movement religiously. Since the start of the month altcoins once again seemed to have followed Bitcoin’s slight downward trend. Advertisements Source: Coinstats At press time, Bitcoin was being traded at $9667 and had registered a 24-hour volume of $7.8 billion. […]

Ethereum is still down by over 80% from its all-time high, but that hasn’t stopped cryptocurrency users from increasingly adopting the asset.Rafael Schultze-Kraft (@n3ocortex on Twitter), the chief technical officer of blockchain analytics firm Glassnode, recently shared the chart below. It shows that the number of new daily Ethereum addresses with more than one transaction […]

The ongoing developments associated with Ethereum 2.0 are real and significant. Advertisements The 2.0 testnet which was introduced back in April 2020 received a lot of reception off the bat as the number of addresses with 32 ETH spiked, evidence of the rush to become validators on the Ethereum 2.0 network. Consistent rewards of 4.6% […]