Nearly $360M in Bitcoin Moved to Ethereum in October Despite DeFi Cool Off
October’s growth is less than half of September’s 68,000 newly tokenized bitcoins.
Related News
Miners' income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled.
The New NFT project appears on the raging market. Now targeting the Tron community. Tron Cool Cats , a new project supported by Palmar Labs, is a collection of 10K unique randomly generated NFTs, pouring in the Tron ecosystem. Another project shows up in the fast-growing NFT market. This time cats are taking the Tron ecosystem. Tron Cool Cats is a copycat (pun intended) of the popular Ethereum-based NFT project. Cool Cats is a collection of 10K randomly generated and stylistically curated NFTs on the Ethereum blockchain. Each randomly assembled cat from over 300K total options possesses a....
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode, ethereum (ETH) miners have also seen a corresponding sharp drop in total earnings from fees over the past three weeks. On Sept. 17, miners raked in 42,763 ETH, or $14.97 million, in fees, but that tanked to just 5,898 ETH, or $2.06 million, as of Sunday. As a percentage of miners’ total revenue,....
Multi-year Ether accumulation has been growing in 2020 but things may soon change with the launch of staking. More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months.According to Glassnode’s ‘hodlwaves,’ which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity.Ethereum hodlwaves: GlassnodeThe data suggests that many whales spent 2019 accumulating Ether....
APENFT Foundation steps up its efforts to support promising and emerging non-fungible token projects on the Tron network. The company announced a new strategic collaboration with Tron Cool Cats — a spin-off of the Ethereum-based collection. This new partnership will focus on providing ongoing marketing and product development support to Tron Cool Cats. Following the […]