Crypto Blog
Ethereum topped all blockchains in fee revenue for 2024, generating $2.48 billion over the year. This strong performance in fees, however, contrasted with ETH’s price, which underperformed expectations during the same period.
CoinGecko found that the fees Ethereum earned fluctuated month by month. In 2023, it generated between $91.22 million and $448.70 million per month, with higher earnings during May’s meme coin frenzy and the market surge at the end of the year. In 2024, this range expanded significantly, with monthly earnings falling between $62.82 million and $606.77 million.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Price Today: $3,260 Lido Co-Founder Hints at 'Second Foundation' Following Ethereum Foundation CriticismEthereum price hovers near $3,270 as Lido co-founder Konstantin Lomashuk proposes a 'Second Foundation' amidst community pushback against the Ethereum Foundation (EF) leadership. Concerns include calls for EF executive director Aya Miyaguchi's resignation, criticism of its selling activity and roadmap, and centralization worries. Ethereum co-founder Vitalik Buterin suggests the EF focus on its strengths while supporting other organizations representing Ethereum's diverse aspects. Meanwhile, Donald Trump's World Liberty Financial staked 10,000 ETH, joining the top 0.1% stETH holders. Ethereum could rally 20% if it overcomes descending trendline resistance and key hurdles near $3,550 and $3,770.
Read more »
XRP News: Ripple Aims to Boost RLUSD Stablecoin's DeFi Utility with ChainlinkChainlink will provide crucial pricing data for Ripple's U.S. dollar stablecoin on the Ethereum blockchain.
Read more »
Justin Sun Outlines 5-Step Plan to Send Ethereum to $10,000Tron founder Justin Sun proposes a bold five-step plan to propel Ethereum's price to $10,000. His strategy involves halting ETH sales, taxing layer-2 solutions, downsizing the Ethereum Foundation, shifting focus to fee-burning, and prioritizing Ethereum's core layer 1 development.
Read more »
Vitalik Buterin Clarifies Ethereum Foundation's Role in Decentralized EcosystemVitalik Buterin, co-founder of Ethereum, recently outlined the Ethereum Foundation's (EF) purpose and function within the broader Ethereum ecosystem. He emphasized the importance of decentralization, stressing that the EF is one part of a larger network of developers, companies, and community projects driving Ethereum's growth.
Read more »
Ethereum Co-founder Vitalik Buterin Proposes Aggressive Scaling Solutions for Data AvailabilityEthereum co-founder Vitalik Buterin has outlined ambitious plans to enhance Ethereum's data availability (DA) bandwidth. Buterin argues that Ethereum's base layer has the potential to scale significantly, even without relying solely on layer-2 (L2) solutions. He proposes raising the target bandwidth to one megabyte per second within a year or two and emphasizes the importance of continuous improvements to keep Ethereum competitive.
Read more »
400 Million Bitcoin Transfer Highlights Blockchain PowerA recent blockchain transaction worth almost $400 million in Bitcoin has sparked discussion about the efficiency and potential of blockchain technology. The low transfer fee compared to traditional banking systems was highlighted by users, emphasizing the advantages of blockchain payments. Speculation arose about the purpose of the transfer, with some suggesting it could be an over-the-counter (OTC) deal or a cryptocurrency exchange restructuring its wallets. Meanwhile, renowned investor Robert Kiyosaki engaged his audience on X, discussing Bitcoin and criticizing BlackRock CEO Larry Fink.
Read more »