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Ethereum (ETH) News


Ethereum appeared and made another revolution in the crypto world. Offering innovations by using smart contracts differently, the platform created great opportunities for customers.

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Ethereum

Almost 9% of Ether is locked in the ETH 2.0 deposit contract

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8.56% of the total Ether supply is locked in the ETH 2.0 deposit contract. Experts positively assess this trend, as the number of investors in the network is growing, expecting its breakthrough development this year. At the end of the second quarter, there should be a merger of the two versions of...

Ethereum Vitalik Buterin Time

Time Article Features Buterin and His Concerns Over Crypto

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Ethereum co-creator, crypto influencer Vitalik Buterin is on the cover of Time Magazine. The cover story "The Prince of Crypto Has Concerns' tells about Buterin as a person that entered the crypto sector with clear goals and objectives. In an interview with the magazine, Buterin said he hopes...

Ethereum Optimism funding

Optimism Raised $150 M at $1.65 B Valuation

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Optimism, which is an offchain scaling solution for Ethereum, attracted $150 M in a Series B funding round. Investors have valued the project at $1.65 B. Paradigm and a16z led the round. A blog post by the company says within a year since its release on the mainnet, Optimism has allowed users to...

Ethereum gas fees

Ethereum Gas Fees Dropped Essentially, Data Shows

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Ethereum gas fees have fallen to their lowest since August 2021. Data from the investment research platform YCharts shows the last Ethereum average gas cost was 35.17, worth around $2. According to Etherscan gas tracker, currently the average price for a transaction is 70 gwei ($3.12). Gas fees...

Ethereum 2.0 Kiln merge testnet

The Ethereum Team Announced the Kiln Merge Testnet

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The Ethereum protocol support team published a blog post, announcing that Klin testnet is in the process of launching. Kiln is supposed to be the last merge testnet of Ethereum to switch to the Proof of Stake consensus model. The blog post explains that similar to the Ethereum mainnet, the...

ETH BTC

Commissions in BTC and ETH networks fall amid weakening user activity

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Against the backdrop of weakening activity on the Bitcoin and Ethereum blockchains, transaction fees have been decreasing over the past few weeks. According to BitinfoCharts, the average Bitcoin transaction fee has dropped to $1.59. Ethereum fees plummeted to their lowest level since August last...

CME

CME to Launch Options on Microfutures Based on BTC and ETH

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The Chicago Mercantile Exchange (CME) will launch option contracts, the underlying assets of which will be microfutures on Bitcoin and Ethereum. Trading in instruments will start on March 28, 2022, after approval by regulators. “Option contracts will allow traders to effectively hedge market...

ETH

Ethereum network fees have fallen by over 80% since the start of January

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Since the start of January 2022, fees on the Ethereum network have fallen by more than 80%. The average transaction processing fee is now $10.2, up from $52 at the beginning of the year. The decrease in commissions has been observed over the past seven days. On February 27, average network fees...

Ethereum

Ethereum volume on crypto exchanges fell to a three-month low

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The largest altcoin, Ether (ETH), has fallen over 12% in the last 24 hours. Cryptocurrency capitalization for the week decreased by almost 20% to $284.169 billion. Amid a market crash triggered by tensions in Europe, exchanges liquidated more than $400 million worth of positions on February 24. The...

ETHDenver 2022

Community Sums up the Largest Web 3 Event, ETHDenver

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Last week, Colorado capital Denver hosted the 5th annual Ethereum-focused hacking and networking event ETHDenver. The summit welcomed over 12,000 people from different countries, which is the record number of the event's attendees. From February 11 to 17, the kickoff and the...

Algorand Ethereum blockchain bridge

Algorand Announced a Grant While Working on EVM Compatibility

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The Algorand Foundation announced a $10 M grant as a reward among teams that will study and speed up the work needed to provide EVM compatibility on Algorand. With the upgrade, Algorand will support smart contracts written for Ethereum, thus opening up more DeFi opportunities and at the same time...

Ethereum

Share of profitable ETH addresses exceeds total number of BTC holders

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Ethereum (ETH) on the night of February 17 is trading at $3,000, however, against the backdrop of a market correction, the altcoin may fall below this psychological mark again shortly. Nevertheless, the accumulation of ETH continues. The number of addresses with a non-zero balance set a new record...

Ethereum small addresses

Over 18 M Ethereum Addresses Joined the Network Last Year

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The number of Ethereum addresses with a small number of tokens reached a record high in 2021. According to data from the on-chain market intelligence platform Glassnode, there are over $18.3 M addresses with at least 0.1 Ether. In early 2021, the number of small Ether accounts was 3,638,204. Data...

Finder com Ethereum price

Finder.com Predicts Ethereum Price to Surpass $10,000 By 2025

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Finder.com, a fintech company that provides data for comparison, published Ether price analytics and prediction. According to the company, the Ether price will hit $6,500 by the end of 2022. By 2025, it would hit $10,810. The prediction is based on a survey that took place on 6-17 January, 2022. 28...

Ethereum

Ethereum fees fell to an eight-month low

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At the end of last week, ether (ETH) again fell in price following bitcoin. BTC fell below $43,000, and the leading altcoin pulled back below $3,000. On the night of Monday, February 14, ETH is trading at $2,880. Network activity on Ethereum has been weakening over the past few days. According to...

Ethereum Optimism vulnerability fixed

Optimism Awarded $2 M for a Discovered Vulnerability

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Ethereum offchain scaling solution Optimism revealed that there was found a vulnerability in the codebase by software engineer Jay Freeman (saurik), who reported the issue. The bug would enable a hacker to print assets on any chain via a fork of go-ethereum. Optimism patched the bug, and awarded...

Ethereum bolbs data

Vitalik Buterin Says Rollups Need to Be Cheaper to Boost Adoption

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Vitalik Buterin shared his views of how rollups will scale the Ethereum network, and what additional solutions can be executed. According to Buterin, rollups are in the short and medium-term, and likely in the long term the only trustless scaling solution for the protocol. Rollups provide...

Ethereum Vitalik Buterin

Vitalik Buterin Talked About the Future of Blockchain Adoption

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In a recent AMA with the network of high school coding clubs and makers, Hack Club, Ethereum co-founder Vitalik Buterin answered the questions of participants. He told how he got interested in Bitcoin and joined the community. Vitalik said that putting together the team was the main challenge in...