Gas

The fees sting but Uniswap v3 sees more volume on launch day than v2’s first month

The founder of Uniswap, Hayden Adams, has reported that the launch day of Uniswap’s v3 iteration was more successful than its predecessor in terms of volume, but not everyone in the DeFi community concurs. In a tweet on May 6th, Adams declared the launch of Uniswap v3 the day before a resounding success. He noted …

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Ethereum’s Price Taps Fresh New Highs, ETH Market Cap Eats Away BTC Dominance

<div class=”featured_image_container”> </div> <strong>The second-largest cryptocurrency in terms of market valuation, ethereum, has seen significant gains this week in comparison to the rest of the crypto economy. On Wednesday, ethereum tapped an all-time high at $2,736 per unit as the crypto asset has gained 11.48% during the last seven days.</strong> Ethereum Cracks a New ATH …

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Synthetic FAANG stocks are trading in DeFi — but do gas fees make them uncompetitive?

Decentralized finance protocol Kwenta has launched a series of synthetic tokens for popular stocks — but current gas prices could make trading them more expensive than buying the real thing. In a blog post on April 23, derivatives trading protocol Kwenta —an Ethereum dApp which is powered by Synthetix — announced the listing of various …

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Ethereum’s high gas fee crisis won’t be solved by EIP-1559: Coin Metrics report

A report by analytics provider Coin Metrics has delved into the world of Ethererum transaction fees noting that they’re still at highest-ever levels and even a much touted approaching network upgrade is unlikely to alleviate the problem. According to the Ethereum Gas Report by Coin Metrics, median fees on Ethereum have been consistently over $10 …

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Ethereum devs grumble as Harvest Finance and Value Defi eye Binance Smart Chain

Today, yield aggregator Harvest Finance and multi-service platform Value DeFi — two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them — announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance. Not everyone in the Ethereum community is ready …

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Methane emissions declined slightly in 2020 amid lower oil and gas production

ABIDAL via Getty Images The COVID-19 pandemic slowed down many facets of life last year, leading to a small reduction in methane emissions, according to an International Energy Agency (IEA) report. The organization primarily attributed an approximate 10 percent drop in emissions from oil and gas companies to lower production amid reduced demand. However, it …

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$100 Swaps: Ethereum Dex Volumes Saw $39 Billion Last Month Despite ‘Insane’ Trading Fees

<div class=”featured_image_container”> </div> <strong>During the last 12 months, Ethereum-based decentralized finance (defi) solutions and decentralized exchange (dex) platforms have been very popular. Dex applications, in particular, have seen massive demand and during the last 30 days, dex trade volumes have reached $39 billion in swaps. However, one of the biggest issues confronting dex users continues …

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Ethereum’s Gas Spike Forces Coinbase Pro to Pass Network Fees to Customers

While Ethereum network fees have jumped to new highs this year, the popular cryptocurrency exchange, Coinbase Pro, announced that the trading platform would be passing network fees onto customers. The move followed the exchange listing Uniswap’s native token UNI, an airdrop that saw miners collect close to $1 million in gas in less than an …

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Ethereum Developers Consider New Fee Model as Gas Costs Climb

The Takeaway: Demand to transact on the Ethereum blockchain has pushed fees to uncomfortable levels. A new technical proposal helps address high fees by implementing a dynamic pricing system. Called EIP 1559, Ethereum users would now pay a set “base fee” to the network plus a tip to miners. One technical observer calls it “the …

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Yield Farming Pool Concept May Solidify Ethereum’s Role as BTC’s Main Sidechain

Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more. …

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