Blockchain Fees | ForkLog

ForkLog 28 20.01.2025

Expert Highlights Scalability Limits of Ethereum’s Layer 2

The upcoming Pectra upgrade in the Ethereum network will provide “months, not years” before the capacity of BLOB objects intended for Layer 2 is exhausted, warned Polynomial co-founder Gautham Santhosh. 6/ Core devs know this is critical.@VitalikButerin said increasing blobs from 3 to 6 is more important than ALL other Pectra upgrades combined. But doubling […]

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ForkLog 14 25.12.2024

Kaiko Highlights 2024 in Ten ‘Best Charts’

Kaiko described 2024 as a landmark year for cryptocurrency markets, summarizing it through ten charts. Bitcoin’s Path to $100,000 The market strengthened following the launch of BTC-ETF, with the fourth halving proceeding without surprises. Waves of billion-dollar liquidations did not overshadow the success of digital gold. The price increase since the beginning of the year […]

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ForkLog 14 18.11.2024

Starknet Plans to Slash Fees by 80% Amid Transaction Surge

StarkWare, the developer behind the Layer 2 network Starknet, intends to quadruple transaction processing speed and cut fees by 80% in anticipation of a surge in user activity. CEO Eli Ben-Sasson shared this in an interview with Cointelegraph. The performance boost will stem from “better compilation and execution” of code on Cairo, Starknet’s native programming […]

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ForkLog 6 18.11.2024

Record Daily Fees Propel Solana to December 2021 Highs

On the morning of November 18, Solana’s price surged past $245, a level last seen in December 2021. This was driven by the network’s highest-ever fees, totaling $9.3 million. Dynamics of TVL and fees in Solana. Data: DeFi Llama. The surge in network activity was fueled by renewed interest in memecoins. On November 17, crypto […]

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ForkLog 5 04.11.2024

Tether Explores USDT Gas Payment Mechanism

Various Layer 2 solutions are working to support USDT for gas payments, according to Paolo Ardoino, CEO of the stablecoin issuer Tether. I hear again few rumors about a Tether Chain.Tether is not planning to build an official blockchain at this time.Simply different independent L2 solutions are working to support $USDt for gas fees. — […]

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ForkLog 10 30.09.2024

FalconX Highlights Benefits of Fed Rate Cuts for Ethereum

By mid-2025, the Federal Reserve’s Fed key rate is expected to fall below the yield from staking in Ethereum, potentially boosting the price of the second-largest cryptocurrency by market capitalization. This conclusion was reached by FalconX. The spread between these two parameters has remained negative since mid-2023. At the end of 2022, following the collapse […]

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ForkLog 12 26.09.2024

Tonkeeper to Enable Transaction Fee Payments with Hamster Kombat Token

Starting October 1, the non-custodial wallet Tonkeeper will support the payment of transaction fees on the TON network using Hamster Kombat (HMSTR). This method is made possible by the integrated Battery feature. According to Tonkeeper’s Chief Strategy Officer, Daniel Kauri, it is a system “abstracted from the user interface, allowing them to send transactions.” “When […]

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ForkLog 4 23.09.2024

Ethereum Transaction Fees Surge Nearly Fivefold

The average transaction fee on the Ethereum network has risen to $3.98, nearly five times the value at the beginning of September when it fell to $0.85. The recovery in transaction costs on the blockchain of the second-largest cryptocurrency by market capitalization has led to an increase in the rate of burning. On September 1, […]

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ForkLog 56 20.09.2024

TRON Reduces Transaction Fees by 50%

The transaction fees on the TRON (TRX) blockchain have been reduced by 50%, announced the project’s founder, Justin Sun. TRON Super Representatives approved a 50% fee reduction, effective in two hours. Combined with other measures this week, meme transaction fees on TRON are now among the industry’s lowest, expected to boost network and meme trading […]

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ForkLog 11 18.09.2024

Vitalik Buterin Highlights Rollup Accessibility Amid Fee Decline

Transaction fees on Ethereum’s Layer 2 have plummeted to “almost zero,” marking a significant milestone for digital assets, according to blockchain co-founder Vitalik Buterin, reports Cointelegraph. “From $0.5-10, we’ve moved to $0.01, practically zero. Optimism and Arbitrum — the two main layers of Ethereum — have reached this important milestone. […] Rollups are quickly becoming […]

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ForkLog 24 13.09.2024

Only 89 Out of 2 Million Meme Tokens on Pump.fun Achieve Success

The number of meme tokens issued on the Pump.fun platform has exceeded 2 million. Since its launch, the platform has garnered 713,952 SOL (~$105 million) in fees. Data: Dune Analytics. At the time of writing, only 89 tokens (0.0045%) out of the mentioned 2 million have a market capitalization of more than $1 million. The […]

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ForkLog 5 10.09.2024

Decline in Pump.fun Popularity Reduces Solana’s Fee Revenue

The total fees paid on the Solana network have dropped to a six-month low amid waning interest in Pump.fun. On September 7, the network generated approximately 3300 SOL in fees. This figure later rose slightly to 4400 SOL by September 9. In the second quarter of 2024, the figure often exceeded 10,000 SOL per day. […]

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