L1 – DIGIT INFO

Coinbase-backed Base to improve decentralization with fault proofs

DIGIT — Thu, 24 Oct 2024 09:43:09 +0000

Base will implement fault proofs on the mainnet twice as fast as Optimism, which took about six months to upgrade the system from testnet to mainnet.

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Vitalik Buterin endorses Celo for beating Tron in stablecoin addresses

DIGIT — Wed, 25 Sep 2024 09:11:26 +0000

Vitalik Buterin noted that Celo’s second L2 testnet, Alfajores, will be upgraded to Ethereum L2 on Sept. 26.

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Circle’s USDC stablecoin to launch on Sui network

DIGIT — Tue, 17 Sep 2024 07:58:09 +0000

The UDSC stablecoin will soon become natively supported on the Sui network through the Cross-Chain Transfer Protocol.

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Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity

DIGIT — Wed, 04 Sep 2024 19:30:40 +0000

Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these networks face as total fees and token performance drop below early-year highs. Ethereum, Solana, and Bitcoin See Sharp Drop in […]

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Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability

DIGIT — Sat, 09 Mar 2024 16:08:13 +0000

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 Swaps Costlier as Ethereum […]

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Rollkit Developers Leverage Bitcoin for Sovereign Rollups, Sparking Criticism from Ethereum Proponents

DIGIT — Mon, 06 Mar 2023 19:30:16 +0000

The Rollkit development team has announced that Bitcoin has been integrated as a means for sovereign rollups to store and retrieve data. The developers have stated that it is now possible to run the Ethereum Virtual Machine (EVM) on Bitcoin as a sovereign rollup. However, some Ethereum proponents have expressed dissatisfaction with the technology being […]

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Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days

DIGIT — Sat, 10 Dec 2022 18:30:02 +0000

Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23 per transfer. Ethereum gas metrics […]

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Zksync Devs Plan to Launch Layer 3 Scaling Solution Called ‘Opportunity’ in Q1 2023

DIGIT — Sat, 29 Oct 2022 16:00:20 +0000

Matter Labs, the team behind the Ethereum layer two (L2) scaling protocol Zksync, revealed the developers plan to launch a layer three (L3) proof of concept called “Opportunity” in the first quarter of 2023. The team says that the prototype of L3 will be built on top of L2 and developers and Zksync users can […]

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Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer

DIGIT — Tue, 11 Oct 2022 16:30:36 +0000

26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction. Ethereum’s Average Gas Fees Jump Over 80% […]

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Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper

DIGIT — Sat, 17 Sep 2022 20:30:54 +0000

Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly four months ago on May 13, 2022, high-priority ether transactions could cost 68 gwei or $2.97 per transaction, and today at $0.18, a high-priority ether […]

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