Tag: August

Ethereum gas fees drop to lowest levels since August 2021

[ad_1] Gas fees for transactions on the Ethereum blockchain have dropped to the lowest levels since August. But, they’re still not cheap. According to data sourced from Coin Metrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of Wednesday totaled $11.14, placing it back among the levels recorded mid-last year before it surged dramatically to as high as $55 at the tail end of 2021. The cost of transactions on the @Ethereum network has not been this low since Aug 2021. Notably, gas…

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NFT land sells for 550 ETH, eToro to delist ADA and 1M ETH burned since August: Hodler’s Digest, Nov. 21-27

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[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Axie Infinity virtual land slot sells out for 550 ETH A plot of virtual land in the widely popular monster-battling NFT game Axie Infinity sold for 550 Ether (ETH) this week, with the sum worth more than $2.2 million at the time of writing. …

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One million ETH worth have been burned since the implementation of EIP-1559 in August

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[ad_1] In a Twitter post published Wednesday, blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) worth $4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burn feature that takes a portion of transaction fees on the blockchain out of circulation, to be canceled permanently. Notable decentralized applications responsible for token burn contributions include popular nonfungible tokens, or NFTs,…

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OpenSea’s NFT volume down 50% after monumental surge in August

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[ad_1] Following a colossal surge of $4B sales volume throughout the month of August for the leading nonfungible token, or NFT, marketplace OpenSea, recent figures indicate a metaphoric return to earth after propulsion to the mighty heights of the moon. NFT marketplaces have largely paralleled the bearish momentum witnessed across the cryptocurrency markets across the last week, as platforms, collections and floor prices all suffer corrections. Analytical data from DappRadar reveals that over the last seven-day period, the sales volume on OpenSea has fallen sharply by almost 50% to $792.23M from…

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Ethereum’s London upgrade deployed to final testnet ahead of August 4 fork

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[ad_1] The long-awaited London upgrade for the Ethereum network is edging closer as the code was deployed to the final testnet this week. Ethereum’s London hard fork, which will usher in the EIP-1559 upgrade, has now been scheduled for August 4 following the launch on the Rinkeby testnet on Thursday. Ethereum developer Tim Beiko posted the testnet update confirming that the code has now been successfully deployed to all three testnets. And we are live https://t.co/a5blKgbZym All three testnets have now successfully upgraded to London Note: because of OpenEthereum being…

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