In 2024, Tron cemented its status as a formidable force within the cryptocurrency ecosystem, achieving a 119% uptick in daily onchain revenue since Jan. 1. This growth, attributed to increased gas fees and transaction activity, is supported by data from Cryptoquant and insights from community member Crazzyblockk. Cryptoquant, Intotheblock and Defillama Insights Highlight Tron Growth […]
Bitcoin’s mining difficulty has edged up by 0.61%, rising from 109.78 trillion to 110.45 trillion. At the same time, the network’s hashrate remains relatively subdued, following a notable drop from its high of 824 exahash per second (EH/s) to the current 778 EH/s. Bitcoin’s Difficulty Increases, Hashrate Falters Since block height 878,976 was mined, the […]
USDE is the flagship stablecoin product of Arthur Hayes-backed Ethena Labs. It’s a synthetic dollar that uses a “delta-neutral” strategy to maintain its peg with the U.S. dollar. USDE is Quietly Leading the Niche Stablecoin Market The $ 212 billion stablecoin market is currently dominated by Tether (USDT) and USDC, but a new entrant …
Bitcoin miners saw substantial shifts in their revenue during 2024, a pivotal year marked by the network’s fourth halving event. As bitcoin’s block reward dropped from 6.25 BTC to 3.125 BTC at block 840,000 in mid-April, the dynamics of mining profitability shifted dramatically, influencing revenue trends throughout the year. From Peaks to Valleys: The Dramatic […]
Though the month isn’t quite over yet, bitcoin miners have already outperformed their November earnings, amassing $ 1.33 billion in December with two days still on the clock. Bitcoin Ends the Year With Record Hashrate and Higher Revenue This uptick in revenue has been fueled by stronger bitcoin prices, but there’s a twist. The …