Ethereum Gas Fees Dropping to Extremely Low Levels, According to Analytics Firm – Here's What It Means

A prominent market intelligence firm says that Ethereum's (ETH) gas fees have dropped to levels not seen since the crypto markets collapsed in May of 2021. In a new report, Santiment says that the depressed gas fees on Ethereum suggests that interest in using the leading smart contract platform have significantly declined. “Ethereum fees are The post Ethereum Gas Fees Dropping to Extremely Low Levels, According to Analytics Firm – Here's What It Means appeared first on The Daily Hodl.

Timeline of Ethereum

While the Bitcoin price witnessed a minor consolidation, the Ethereum(ETH) price lost more ground this week and tumbled to yearly support of $1721. However, the altcoin is bullish on the weekend and may retest the breached $1900 support to validate further downfall.

LIDO considers introducing limits to the protocol share of ETH because the growing amount of the staked ETH Is creating some centralization issues so let's read more today in our latest cryptocurrency news. Lido considers introducing limits on how much of the ETH market share It can stake and the proposal came over the concerns

With the Ethereum merge coming, the stakes are only getting higher since the outcome of it can have huge implications for all of the crypto so let's read more today in our latest Ethereum news. Crypto holders await to see the end of May which is a month that brought nothing more than losses.

The IntoTheBlock's head of research, Lucas Outumuro says that more than 50% of all the Ethereum in circulation now belongs to address the ETH holdings for more than a year. A leading crypto analytics firm says that long-term holders are buying Ethereum (ETH) despite the second-ranked crypto asset's price struggles.  Quoting that:  “Addresses that have …

A leading crypto analytics firm says long-term holders are buying into Ethereum (ETH) despite the second-ranked crypto asset's price struggles. According to IntoTheBlock's head of research, Lucas Outumuro, more than 50% of all the Ethereum in circulation now belongs to addresses that have been holding ETH for more than one year. “Addresses that have been The post Long-Term Holders Double Down on Ethereum (ETH), According to Crypto Analytics Firm IntoTheBlock appeared first on The Daily Hodl.

A popular Ethereum (ETH) wallet is unveiling a new partnership to help victims of crypto scams recover their digital assets. According to a recent press release, MetaMask, a crypto wallet with over 30 million users created by blockchain technology firm ConsenSys, is teaming up with Asset Reality, a protocol designed for recovering, managing and accessing The post Ethereum (ETH) Wallet With Over 30 Million Users Unveils Partnership To Assist Victims of Crypto Asset Scams appeared first on The Daily Hodl.

On-chain activity on the Ethereum blockchain has decreased. Despite the downturn, the price of Ethereum rebounded and soared beyond the $1700 mark. Ethereum is expected to break out, according to analysts. Ethereum Price On A Bull Run! Dr. Arnout Ter Schure, a leading cryptocurrency analyst, used the Elliott Wave Principle to set a goal for …

Peter Schiff, the CEO of Euro Pacific Capital and the chairman of the SchiffGold investment fund, released an Ethereum chart, projecting a big ETH drop to May 2021 lows.  He pointed out that the chart shows a combination of two very bearish patterns that might send the second most valuable coin far lower than it …

Ethereum (ETH) gas consumption trends paint a picture of what sectors of the crypto market have been expanding, according to the analytics firm Glassnode. In a new analysis, Glassnode says non-fungible tokens (NFTs) now represent 30% of Ethereum's gas consumption dominance, far outweighing decentralized finance (DeFi). “Through observation of Ethereum network usage, we can identify The post Ethereum (ETH) Gas Consumption Trends Hint at Expansion of One Crypto Sector, According to Analytics Firm appeared first on The Daily Hodl.

Ethereum's Vitalik Buterin has offered two thought experiments on how to establish whether an algorithmic (algo) stablecoin is feasible in the long term. On 25 May, Buterin remarked that increased examination of crypto and DeFi in the aftermath of Terra's meltdown is “really beneficial.