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Ethereum Fees Sink to Lowest Rate in 7 Months, Most L2 Fees Under $1 per Transfer

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Ethereum fees have continued to slide week after week and are now at the lowest value in seven months. On Tuesday, March 8, the average layer one (L1) Ethereum gas fee is 0.0042 ether or $10.89 per transfer. At the same time, median-sized gas fees are much lower as well, hitting values not seen since … Read more

Crypto Allows Ukraine to ‘Operate Internationally,’ Official Says

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Amid ongoing hostilities with advancing Russian forces, Ukraine has been increasingly relying on cryptocurrency donations to solve humanitarian problems and finance its defense efforts. Crypto helps the country to receive and quickly distribute money and operate internationally, a high-ranking government official has indicated. Ukraine Accepts, Spends Millions in Crypto, Deputy Minister Reveals Since the Russian … Read more

Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Ether Deposits Locked

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The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion. Ethereum Beacon Chain Validators Jump Past the 300,000 Mark For quite some time now, Ethereum (ETH) network participants … Read more

Ethereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months

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It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48 days ago on January 10. On that day, Ethereum network fees were around $52 per transaction and today, the average transaction fee is $10.26 per … Read more

Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

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Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange … Read more