Transaction Fees


Tech

Avalanche Blockchain's December Upgrade Cut Usage Fees by 75%

The upgrade was designed to make Avalanche cheaper. It worked.

Avalanche average transaction cost has dropped sharply since the mid-December upgrade. (Bitquery)

Markets

AgriDex Settles First Agricultural Trade on Solana Blockchain

AgriDex "settled the transactions almost instantly, charging only 0.15% to each side of the trade" while in traditional systems "fees can be several percentage points per trade."

Agriculture (Pete Linforth/Pixabay)

Tech

Ethereum-Based Protocol Alkimiya Creates Market for Hedging Bitcoin Fees

One question is whether the protocol can pull in loyal bitcoin users – or if it will eventually end up on an Ethereum-compatible layer-2 network atop Bitcoin.

Akimiya founder and CEO Leo Zhang (Alkimiya)

Tech

Ethereum Blockchain Counts Down to 'Dencun' Upgrade, Set to Reduce Fees

The upgrade is designed to usher in a new era of cheaper fees for the growing array of layer-2 networks that operate on top of Ethereum.

Blocknative's Ethernow countdown to Dencun (Blocknative)

Tech

BNB Chain’s OpBNB Developers Look to More Than Double Speed in New Roadmap

The roadmap paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain.

Monad Labs is looking to provide faster EVM processing than Ethereum. (Julian Hochgesang/Unsplash)

Markets

Litecoin Transactions Hit Record High as Bitcoin Fees Surge Amid BRC-20 Frenzy

Transaction fees on the Bitcoin blockchain have hit a two-year high due to the rising popularity of so-called BRC-20 tokens.

Canary Capital Group, a new digital asset-focused investment firm, has plans to launch an exchange-traded fund tied to Litecoin. (Litecoin Foundation)

Tech

Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years

Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Tech

PEPE Meme Coin Craze Spreads Wealth to Ethereum Validators Running Blockchain

As risk-taking crypto traders sought to make tremendous profits off of surging prices for the suddenly-hot PEPE, a resulting surge in transaction fees brought a windfall to validators running the Ethereum blockchain.

(Danny Nelson/CoinDesk)

Opinion

How Bitcoin NFTs Might Accidentally Fix Bitcoin's Security Budget

Ordinal NFTs have rejuvenated Bitcoin’s transaction fee market. Will it prove useful?

(Getty Images)

Tech

More Than $1B in ETH Has Been Burned Since Ethereum’s London Hard Fork

In just six weeks, over 297,000 ETH has been permanently removed from circulation.

Sonia Maria Canino Gonzalez (EyeEm/Getty Images)

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