In brief


Did you know?

$109,315.00
0.22%$2,659.95
2.65%$2.38
3.47%$662.41
0.13%$153.99
1.23%$0.999893
-0.01%$0.28776
0.38%$0.173486
1.52%$2,657.32
2.61%$0.612914
4.61%$109,202.00
0.20%$39.19
2.53%$3,207.83
2.43%$2.96
1.56%$509.36
1.39%$14.09
3.65%$0.289441
14.04%$9.02
-0.37%$18.59
2.06%$0.999752
-0.02%$0.169341
4.93%$2,848.76
2.60%$0.00001212
2.33%$2.82
1.77%$2,658.78
2.63%$88.75
2.34%$45.84
1.96%$1.00
-0.03%$320.19
1.83%$109,301.00
0.16%$3.54
3.95%$1.001
0.12%$4.36
1.28%$8.17
6.88%$300.09
3.75%$0.00001039
2.97%$0.463717
0.82%$1.18
0.08%$328.22
1.56%$0.096575
5.02%$4.53
1.98%$48.40
0.22%$1.00
0.00%$2.27
3.76%$186.97
1.13%$4.95
2.93%$17.19
2.57%$0.818046
3.00%$1.058
0.01%$1.00
-0.03%$0.07925
4.58%$0.587634
3.00%$4.22
2.68%$4.44
-0.19%$15.76
1.38%$0.02162662
4.36%$0.201045
6.49%$0.680208
0.98%$8.79
2.91%$0.271186
4.19%$0.080144
0.60%$0.340976
1.16%$3.26
2.06%$109,049.00
0.16%$0.0000212
-5.00%$0.187207
5.30%$2,659.84
2.66%$2.36
2.57%$109.13
2.41%$4.55
0.72%$0.878272
0.82%$0.264794
3.41%$0.999755
-0.01%$163.07
1.02%$0.997945
-0.04%$11.11
0.57%$1.00
-0.06%$0.44328
1.94%$1.40
4.41%$2,787.27
2.67%$3,030.60
2.59%$1.23
0.18%$1.62
-1.14%$0.0162781
1.09%$1.00
0.02%$1.054
-2.97%$0.064811
-1.03%$10.68
0.86%$12.89
-9.37%$2,838.97
2.77%$0.659958
1.55%$109,322.00
0.30%$2,794.35
2.74%$0.310034
0.75%$1.001
0.03%$0.560737
2.41%$1.49
0.98%$1.11
0.01%$0.01502433
-0.04%$3,308.64
-0.43%$109,283.00
0.31%$2,813.14
2.90%$662.78
0.16%$0.999671
-0.03%$0.149233
-0.38%$0.00009008
3.85%$3.04
-2.33%$0.863649
1.25%$0.08716
3.50%$110,549.00
0.15%$3,301.37
-0.39%$172.81
1.18%$0.509689
0.62%$0.428133
2.07%$2.31
1.04%$2,872.99
2.58%$201.07
1.03%$0.554213
8.36%$0.714895
3.09%$111.72
0.01%$10.74
0.01%$0.998192
-0.01%$0.746289
2.75%$0.01481328
3.84%$2.49
11.13%$0.167364
5.65%$1.88
1.33%$40.14
-1.16%$19.47
3.73%$1.091
0.01%$0.257756
4.66%$0.00000063
2.04%$0.71335
1.38%$0.230651
1.08%$0.01242582
1.97%$2,659.92
2.72%$39.22
2.31%$3.58
5.34%$0.10177
4.72%$0.99798
0.01%$109,077.00
-1.88%$2,838.14
2.73%$0.545779
3.01%$0.413867
2.11%$0.0085325
0.68%$108,698.00
-0.05%$0.520882
2.20%$2,658.40
2.56%$2,781.55
2.05%$0.994952
0.24%$0.342202
3.78%$0.275228
2.82%$109,337.00
0.19%$2,659.08
2.64%$0.502591
2.47%$0.999918
0.01%$24.94
1.06%$0.997026
-0.06%$0.614433
1.97%$1.37
2.22%$1.49
7.97%$0.01379884
0.27%$0.223687
-0.89%$0.999896
-0.01%$0.00000115
9.70%$39.20
2.35%$0.04522718
3.44%$0.173539
1.60%$7.78
0.97%$0.00438534
-0.91%$0.00000044
0.28%$2.36
1.78%$0.06089
0.14%$0.401851
0.75%$0.00734899
5.05%$0.999812
-0.07%$0.11709
3.67%$2,827.47
2.69%$0.546295
3.43%$1.093
0.00%$0.99518
0.51%$5.67
3.31%$13.87
2.79%$0.999498
-0.22%$2,656.27
2.52%$41.55
1.83%$0.076029
2.17%$0.238412
10.71%$0.00001899
2.40%$0.144268
-3.89%$0.312941
2.19%$109,799.00
1.00%$1.18
2.70%$0.14695
3.39%$1.00
0.01%$2.20
2.59%$2,937.13
2.77%$0.967248
0.37%$0.362548
1.56%$0.507702
0.03%$0.00388318
2.45%$0.03665724
3.58%$1.47
0.04%$2,907.02
2.55%$5.33
4.29%$0.03477774
1.32%$2,660.39
2.62%$20.64
0.51%$0.04677066
2.27%$0.01736272
0.54%$109,244.00
0.16%$0.00629178
3.57%$1.14
-0.39%$0.329586
4.51%$0.491561
2.80%$0.999894
0.01%$2,655.47
2.40%$0.797529
17.66%$0.00005806
3.09%$168.15
1.10%$0.999335
0.00%$1.002
0.01%$0.066828
2.97%$0.99956
-0.02%$0.685628
2.98%$0.309643
-4.09%$10.42
0.51%$115.18
1.47%$3,217.30
2.63%$1.10
2.45%$0.714568
1.66%$0.999767
-0.04%$0.298762
3.81%$0.20121
6.47%$0.0034255
0.82%$0.20531
3.12%$18.59
1.94%$0.00334309
33.81%$1.019
-0.01%$1.21
-0.04%$0.00000136
0.76%$106,468.00
-0.94%$0.60604
2.01%$109,073.00
-0.02%$16.16
2.23%$2,195.78
0.21%$1.67
0.97%$0.00386593
0.68%Reading
The average Ethereum (ETH) transaction fee reached an all-time high (ATH) of almost $12 last month, causing a major pain point for traders and other ETH users. As a result, Ethereum miners have been racking up record fees, earning a total of $166 million from transaction fees alone in September.
But now, things have largely returned to normal. According to data from Glassnode, the total Ethereum transaction fees earned by miners have fallen from a peak of 42,763 ETH on September 17, down to 5,898 yesterday—equivalent to a decline of 86.2% in under three weeks.
In turn, the average fee per transaction has fallen by a similar degree, and has dropped from a September 17 peak of $11.62, down to $2.1 as of yesterday. This makes the Ethereum blockchain cheaper to use.
It isn't just transaction fees that have fallen dramatically in the last few weeks. The absolute number of transactions on the Ethereum network has also fallen considerably to reach 935,000 yesterday—down 29.2% since reaching a 2020-peak of 1.32 million on September 17.
The total value transacted has fallen by an even greater degree. It has dropped from 6.5 million ETH on September 17, down to 1.7 million ETH yesterday—a decline of 74%.
The fee hikes seen between June and September were largely owed to the rapidly expanding interest in the decentralized finance (DeFi) industry, which saw platforms like Uniswap, Curve, Aave, and various yield-farming projects like YAM, draw significant attention. Since the Ethereum network is only capable of processing a limited number of transactions in each block, and can only handle around 10-14 transactions per second, competition for block space increased dramatically leading to a gas war among those that needed their transaction to be confirmed quickly.
A similar fee hike was observed on the Bitcoin (BTC) blockchain in December 2017, driving the average BTC transaction fee up to over $50 at its peak.
Now, the hype around DeFi projects has died down somewhat and most major DeFi coins are in shattering losses in the last week, including Uniswap (-27.6%), Yearn Finance (-41.2%), and UMA (-28.5%). This should give Ethereum some much-needed breathing room.
Popular Solana token launchpad Pump.fun appears to be set to begin the sale of its upcoming token on July 12, after a second major exchange leaked the date. ByBit Ukraine posted and deleted the announcement on Wednesday morning, which included a detail that European users will be restricted from the sale. A user with the "ambassador" title in the official ByBit Ukraine Telegram group, named Andriy, told Decrypt that the announcement was scheduled to go live at 14:00 UTC, but ByBit Ukraine posted...
Ethereum NFT collection Goblintown is looking to shake up the meme coin market, dropping its own meme coin—GOB—on the Solana blockchain with a new token model designed to refresh the meme coin experience. The token, which was launched in stealth late Tuesday by Truth Arts’ wholly owned subsidiary Exploding Goblin LLC, aims to solve the longevity issues of new meme coins with a multi-pronged approach that Goblintown co-founder Alex Taub says is the product of studying other launches from the tre...
Hackers appear to be targeting an old Bitcoin address holding over $8 billion in digital coins stolen from collapsed crypto exchange, Mt. Gox. As first flagged by BitMEX Research, would-be attackers sent the address—1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF—a transaction using OP_RETURN. OP_RETURN—which has been controversial among some users—is a way of storing information on Bitcoin's blockchain. In this case, the transaction sent to the wallet contains text displaying a website address, in an appar...