Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $ 22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $ 66. Transfers and Dex …
According to the latest data, bitcoin has been trading above the $ 67,000 mark, with average network transaction fees experiencing a 288% increase from $ 3 to $ 11.64 since Feb. 25, 2024. Meanwhile, BTC has consistently stayed over the $ 60,000 level for eight straight days, elevating the daily value …
After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $ 11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation …
The volume of daily transactions on the Bitcoin network has seen a significant decline since Jan. 28, 2024, with numbers falling from peaks above 600,000 to below 300,000 transactions per day. This downturn is in sync with a decrease in the daily creation of Ordinal inscriptions, overall easing congestion and reducing onchain fees. Network Activity […]
Solana Mobile, Solana Labs’ smartphone subsidiary, processed over $ 20 million in payments in alliance with Shopify and USDC, the second-largest dollar-pegged stablecoin. Anatoly Yakovenko, a co-founder of Solana Labs, explained that 51% of Chapter 2’s payments were completed using USDC, with no payment processing fees associated. Solana Mobile Processed Over $ 20 …