Binance Square
Strona Główna
Powiadomienie
Profil
Popularne artykuły
Aktualności
Centrum twórcy
Ustawienia
LIVE
LIVE
Crypto Web3 Today
Byczy
--・3.1k views
Tłumacz
Ethereum L2 Transaction Volume up 91% as Adoption Soars. Recent data from Into TheBlock reveals that Ethereum L2 transaction volumes have skyrocketed by an impressive 91% since the beginning of the year. This surge underscores a growing trend of Ethereum users migrating toward layer-2 scaling solutions, drawn by the promise of faster and cheaper transactions compared to Ethereum's mainnet. Surge in Ethereum L2 transaction volumes. The data reveals compelling insights into the ecosystem of Ethereum's scaling solutions. On March 1, 2023, transaction volume for Ethereum L2 transactions from both Arbitrium and Optimism totaled approximately $700 million. Fast forward to Feb. 1, 2024, and this figure surged to $2 billion, encompassing transactions from Arbitrium, Optimism 5and Base. A contributing factor to this surge is the heightened anticipation surrounding Ethereum's forthcoming Dencun upgrade. This eagerly awaited update is anticipated to revolutionize the Ethereum ecosystem by introducing substantial gas fee reductions, enhanced storage efficiency and an improved experience for developers. By effectively addressing the long- standing issue of high transaction fees on Ethereum, the Dencun upgrade is set to strengthen the cost efficiency of rollups, thereby stimulating further adoption. How layer-2 networks work. The primary objective of layer-2 networks is to enhance transaction throughput by achieving higher transactions per second (TPS) while preserving decentralization and security. These networks achieve this by consolidating multiple off-chain transactions into a single layer-1 transaction, thereby reducing transaction fees. Consequently, Ethereum becomes more accessible and inclusive for a broader spectrum of users, fostering greater participation and innovation within the ecosystem. #Write2Earn‬

Ethereum L2 Transaction Volume up 91% as Adoption Soars.

Recent data from Into TheBlock reveals that Ethereum L2 transaction volumes have skyrocketed by an impressive 91% since the beginning of the year. This surge underscores a growing trend of Ethereum users migrating toward layer-2 scaling solutions, drawn by the promise of faster and cheaper transactions compared to Ethereum's mainnet.

Surge in Ethereum L2 transaction volumes.

The data reveals compelling insights into the ecosystem of Ethereum's scaling solutions. On March 1, 2023, transaction volume for Ethereum L2 transactions from both Arbitrium and Optimism totaled approximately $700 million. Fast forward to Feb. 1, 2024, and this figure surged to $2 billion, encompassing transactions from Arbitrium, Optimism 5and Base.

A contributing factor to this surge is the heightened anticipation surrounding Ethereum's forthcoming Dencun upgrade.

This eagerly awaited update is anticipated to revolutionize the Ethereum ecosystem by introducing substantial gas fee reductions, enhanced storage efficiency and an improved experience for developers.

By effectively addressing the long- standing issue of high transaction fees on Ethereum, the Dencun upgrade is set to strengthen the cost efficiency of rollups, thereby stimulating further adoption.

How layer-2 networks work.

The primary objective of layer-2 networks is to enhance transaction throughput by achieving higher transactions per second (TPS) while preserving decentralization and security. These networks achieve this by consolidating multiple off-chain transactions into a single layer-1 transaction, thereby reducing transaction fees.

Consequently, Ethereum becomes more accessible and inclusive for a broader spectrum of users, fostering greater participation and innovation within the ecosystem.

#Write2Earn‬

Zastrzeżenie: zawiera opinie stron zewnętrznych. To nie jest porada finansowa. Zobacz Regulamin
0
Odpowiedzi 2
Odpowiedni twórca
LIVE
Crypto Web3 Today
@Crypto_Web3_Today

Odkryj więcej od twórcy

XRP Price Prediction for April 4. XRP/USD. Unlike most other cryptocurrencies, the rate of XRP has fallen by 0.40% since yesterday. However, on the hourly chart, the price of XRP is looking bullish as it is trying to break the resistance of $0.5789. If it happens, the growth is likely to continue to the $0.5850 zone soon. On the bigger time frame, the rate of XRP has made a false breakout of yesterday's bar low at $0.5669. If the candle closes far from that mark, there is a chance to see a test of the $0.60-$0.62 area by the end of the week. From the midterm point of view, none of the sides is dominating at the moment, as the rate is in middle of a wide channel, between the support of $0.4590 and the resistance of $0.7329. In this case, ongoing sideways trading in the zone of $0.55-$0.65 is the more likely scenario. XRP is trading at $0.5937 at press time.
--
Bitcoin ETFs Skyrocket 283% in Major Metric. In recent news within the crypto investment space, Bitcoin ETFs have demonstrated a remarkable surge, witnessing a significant 283% increase in net inflows over a 24-hour period. Data unveiled by BitMex Research underscores this pronounced uptick in investor engagement, with the total net inflow into Bitcoin spot ETFs amounting to an impressive $113 million on the previous day. Among the Bitcoin ETFs, Fidelity's FBTC emerged as the frontrunner, experiencing a daily net inflow of approximately $116 million, closely followed by BlackRock's IBIT, which recorded a net inflow of about $42.03 million. Conversely, Grayscale's GBTC saw a net outflow of $75.14 million for the day, bringing its total historical net outflow to a substantial $15.23 billion. This surge in investor activity follows closely on the heels of earlier reports indicating a $40.2 million net inflow into Bitcoin ETFs just a day prior. Market wants more. Furthermore, the impending entry of major financial institutions into this market underscores the growing institutionalization of cryptocurrency investments. Notably, Morgan Stanley and UBS are reportedly finalizing their Bitcoin ETF solutions, signaling an expansion of investment avenues in the cryptocurrency space. Moreover, Goldman Sachs, a leading financial institution, anticipates a sustained surge in demand for U.S. spot Bitcoin ETFs, with many funds poised to meet client demand. Since the inception of Bitcoin ETFs in January 2024, the flagship cryptocurrency has demonstrated a remarkable surge, registering a notable 77% increase in price, setting a new all-time high. With the increasing availability of such investment instruments and a growing investor appetite, the trajectory of Bitcoin's pricing remains a subject of profound interest and speculation.
--
Five Major Shiba Inu (SHIB) Metrics Show Red. Shiba Inu is a cryptocurrency that has been in the spotlight for its fast rise on the market. Right now, though, some important signals are red, which might mean that the price of SHIB will reverse downward. Keep in mind, various on-chain metrics can change at any given moment. All the metrics mentioned in this article were relevant at the time of the writing. First, "Net Network Growth" has dropped by 0.52%. This number tells us if more people are joining to use SHIB or if they are leaving. Right now, it seems like fewer people are interested and the network is mostly seeing outflows. Secondly, there is the "In the Money" figure, which is at -0.64%. The metric speaks for itself: investors are losing money holding SHIB, which makes it less attractive as a longer-term investment. The "Concentration" metric is also down by 0.11%. This suggests that SHIB is not as much in the hands of just a few big holders (called whales) as it was before. Changes in how much the whales control can affect SHIB's price because they have a lot of power on the market. Another crucial red flag is the "Large Transactions" metric, showing a steep decrease of 11.69%. Large transactions often represent the activity of whales, and a drop may suggest that the interest of these significant players is descending. The fifth metric is the imbalance between buy and sell orders, with sell orders taking up more market share. This overextension of sales orders can exert downward pressure on SHIB's price, leading to a bearish outlook. SHIB is currently trading at approximately $0.00002773. The support level to watch is near the blue line (50 EMA), around $0.00002256, which could serve as a safety net if prices drop. The next resistance level is most likely the $0.00003 threshold, which serves as a psychological level for the asset's holders.
--
Ripple to Launch Dollar- Backed Stablecoin. According to a report by the Financial Times, San Francisco-based company Ripple is on track to launch a dollar-backed stablecoin. With such a move, the company, which is best known for its association with the controversial XRP cryptocurrency, plans to build a bridge between crypto and traditional finance, making it possible to use blockchain technology for trading securities. As noted by Ripple, the stablecoin market has ballooned to a whopping $150 billion. Tether's USDT stablecoin alone is worth $106 billion, according to the latest data provided by CoinGecko. The new stablecoin will be fully backed by dollar deposits, cash equivalents, and government bonds. Ripple claims that it will be conducting attestations on a monthly basis. Ripple has pitched the new product as an "enterprise-grade" stablecoin with a "compliance-first mindset." More use cases. Ripple's upcoming stablecoin will be launched simultaneously on Ethereum and the XRP Ledger. In the future, the stablecoin's issuance will also be expanded to other blockchains, according to the company's announcement. The company believes that its new product will be able to attract more liquidity while generating more use cases. In his statement, Ripple CEO Brad Garlinghouse described his company's foray into the stablecoin sector as "monumental" for the XRP Ledger community.
--
$1.4 Billion BTC Shifted to Whale Addresses in Mega Accumulation Spree. According to crypto analyst Ali, Bitcoin whales, or large BTC holders, have recently moved 21,400 BTC, valued at approximately $1.40 billion, into accumulation addresses. This significant shift in assets to long-term addresses suggests a bullish outlook among these market players. "21,400 BTC, worth around $1.40 billion, were moved to accumulation addresses," Ali wrote in a tweet accompanied by a chart showing a spike in BTC inflow to accumulation addresses. On April 1, 21,400 BTC were recorded as inflows into accumulation addresses. Accumulation addresses refer to those that have seen at least two incoming non-dust transfers and have never spent funds. The move of 21,400 BTC to accumulation addresses coincides with a period of volatility and uncertainty on the cryptocurrency market. Bitcoin declined to start the month and quarter following unexpected gains in the dollar index (DXY). Bitcoin fell to a low of $64,500 on April 3 before recovering somewhat. BTC had risen 0.66% in the previous 24 hours to $66,133 at the time of writing. That said, the movement of such a large volume of Bitcoin into these addresses might indicate a strategic decision by whales to hold onto their assets, anticipating future price increases. Bitcoin halving in next 16 days. April might be volatile for cryptocurrency and related equities, particularly mining stocks. Investors are anticipating the Bitcoin halving, which will reduce the reward, and thus earnings, of Bitcoin miners. The event may hurt miners' performance, but it has traditionally set Bitcoin up for 300% or more rallies in the following months. According to Oklink, the current countdown to Bitcoin's halving is 16 days, with a projected date of April 20. The remaining blocks for this event that would reduce Bitcoin mining rewards from 6.25 BTC to 3.125 BTC are 2,328. In a precursor to Bitcoin's "halving," an offshoot cryptocurrency known as Bitcoin Cash just underwent a halving event.
--

Najnowsze wiadomości

ZA Bank To Provide Exclusive Services To Stablecoin Issuers
--
Dogecoin Sees 10% Weekly Price Drop Amid Market Correction
--
PancakeSwap Successfully Destroys 0.189% of CAKE Tokens in March
--
Bhutan's Investment Arm and Bitdeer Plan to Boost Bitcoin Mining Capacity
--
Bitcoin(BTC) Drops Below 67,000 USDT with a Narrowed 2.25% Increase in 24 Hours
--
Zobacz więcej
Mapa strony
Cookie Preferences
Regulamin platformy
Mapa strony
Regulamin platformy
ba-one-trust-cookie