Bitcoin’s network activity has dropped to its lowest level in a year, according to Cryptoquant and its researchers, marking a significant decline from previous highs. Bitcoin Transactions and Fees Plummet Cryptoquant‘s Bitcoin Network Activity Index, a key metric tracking transactions and user engagement, has fallen 15% since November 2024, now standing at 3,760—the lowest level […]
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In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its busiest transfer day in history on April 23, with 927,010 transactions confirmed in one day. Bitcoin’s High-Traffic […]
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After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin Fee Revenue Drops 75%, Hashrate Slides 48 EH/s […]
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Bitcoin miners are witnessing a resurgence in activity as the network’s hashrate approaches all-time highs, according to the latest research from Cryptoquant. This recovery is attributed to improved revenues, which have led to a reduction in selling pressure from miners. Miners Hold Steady: Bitcoin Hashrate Rises, Selling Pressure Decreases The latest onchain market activities report […]
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Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657 exahash per second (EH/s) this week. Bitcoin Hashrate Reaches Unprecedented 657 EH/s Following a significant drop post-halving, much of the hashrate has returned to the […]
]]>In a recent analysis conducted by DWF Ventures, a comprehensive overview of the Liquid Restaking (LRT) protocol sheds light on its significant impact within the Ethereum restaking ecosystem. The surge in the Ethereum restaking landscape has fueled the growth of Liquid Restaking (LRTs), enabling users to earn yield while optimizing capital efficiency. This innovative approach has garnered substantial attention, leading to a rapid expansion of the vertical. In just the past month, the Total Value Locked (TVL) in LRT protocols has surged by over 8 times, reaching an impressive $3.3 billion. 2/ As ETH restaking space grew, it prompted the
The post Exploring The Liquid Restaking (LRT) Protocol: A Game-Changer In The ETH Restaking Space appeared first on The Merkle News.
]]>Token Terminal’s latest report highlights Sui’s remarkable performance as its Total Value Locked (TVL) surpasses $418 million, securing its position among the top 10 cryptocurrencies. Within just 30 days, Sui has witnessed an impressive 86% surge in TVL, reflecting growing investor confidence and participation. The platform boasted an average of over 20,000 active users daily over the past month, peaking at approximately 80,000, with more than 8 million active accounts overall. In terms of gas usage, SUI recorded over $1.5 million in gas fees in the last 30 days, with gas prices stabilizing at 4.8k per day. Reports indicate an
The post Sui Token Surges In TVL, Surpassing $418 Million And User Engagement Spike appeared first on The Merkle News.
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Aptos suffered a five-hour outage, coincidentally in the same week that the network launched this time last year.
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Binance’s BNB Chain is set for two upgrades that are aimed at improving finality of the network and compatibility with other EVM blockchains.
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Tick tock, next block. The Bitcoin network passed block 800,000 with less than a year to go to the next block reward halving.
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