SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge

SushiSwap has deployed its contracts to five new networks.

Ethereum Gas Fees Hit a Monthly Low - Could this Trigger an ETH Uptrend?

New data by on-chain data provider Glassnode notes that the total Ethereum gas fees paid have hit a monthly low of $666,735.56.

Ethereum gas fees drop as daily DEX and DeFi volumes decline

Ethereum fees have pulled back from their recent highs alongside a decline in DeFi transaction volumes but the rise of NFTs could push transaction costs back to new highs. The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms accounting for $24.33 billion of the total value.

Enjin New Solutions 'Bring Scaling to Ethereum, Remove Fees, Support NFTs'

Source: A screenshot, Instagram/enjin Ecosystem of blockchain software products Enjin (ENJ) has announced today a set of scaling solutions which they claim "remove gas fees from any blockchain" - the first of which is planned for launch early next month. According to the team, this set comprises two scaling solutions meant to remove gas fees, while also supporting fungible and

Matic, xDAI (STAKE) and Loopring (LRC) rally as Ethereum gas fees rise

Soaring Etheruem gas costs are driving investors and protocols to take a closer look at layer-2 solutions like Matic, Loopring and xDai. The start of a new month has brought renewed fervor from the cryptocurrency market as Bitcoin (BTC) price steadily climbed from a low of $43,537 on Feb.

Ethereum’s Daily Transfers Have Increased from $373 Million to Over $9 Billion in Just a Year

Ethereum has been transacting enormous daily volumes to the tune of more than $9 billion.

Layer-2 race heats up as Loopring (LRC) price gains 430% in 2021

Loopring’s increasing DEX volume and token price show the project is emerging as one of the leading layer-two solutions working to address the high gas fees on the Ethereum network. Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network.  While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem following the recent emergence of Binance Smart Chain and Avalanche, those who wish to stay on Ethereum have turned to layer-two solutions like Loopring as their preferred method of escape. A recent report from Delphi Digital has identified Loopring’s decentralized exchange (DEX) as one of the top layer-two contenders, as it has already settled $590 million in volume in 2021.

Crypto Wallets Holding at least 1 Ethereum Hit a Monthly High Despite Price Correction

New data by on-chain data provider Glassnode reveals that despite the current price correction, Ethereum addresses holding more than 1 ETH have hit a monthly high of 1,175,408.

Solana-powered AMM Raydium proposes SushiSwap integration to reduce fees

SushiSwap is exploring integrating with high-speed AMM, Raydium, on Solana to alleviate high gas fees.

Crypto influencer warns Ethereum fees will drive users away

Crypto YouTuber Lark Davis is urging Ethereum’s to launch ETH 2.0 quickly, warning its devs must act soon to prevent rival networks from taking over amid high gas fees.

ETH Price Plunges as Ethereum Gas Fees Make DeFi Unusable

Ethereum’s surging gas fees continue to raise concern—making DeFi all but unusable for the average trader and the ETH price falling drastically to $1,580.63 last night.