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. All in all, Layer 1 and 2 blockchains collectively earned almost $6.9 billion from transaction fees last year. Ethereum Maintains Fee Dominance Despite […]
Crypto social media has been flooded by enraged Coinbase users who cannot withdraw their Solana (SOL) tokens, sparking rumors of insolvency. “What’s the drama with Coinbase and Solana?” crypto YouTuber ‘Wendy O’ asked her 412,000 followers on X on Jan. 21. Meanwhile, crypto investor ‘Curb’ asked Coinbase CEO Brian Armstrong, “After dealing with insolvency last […]
In the first three days of this year, digital asset investment products experienced inflows totaling $585 million. However, the full week, including the last two trading days of 2024, recorded net outflows of $75 million. Globally, 2024 concluded with a record-breaking $44.2 billion in inflows. This figure is nearly four times the previous record of […]
Circle’s USDC has experienced a significant resurgence as its total circulating supply surged by 80% from its 2023 lows. As revealed by Blockwork’s data analytics manager Dan Smith, the stablecoin’s supply has reached nearly $44 billion as of January 2, 2025. The latest figure represents a stark increase from its 2023 low of less than […]
Tron’s (TRX) price reached an all-time high of $0.44 in the first week of December 2024, smashing previous records amid a crypto-wide bull run that gained steam after Donald Trump’s presidential win. TRX’s return to the 10th position by market capitalization has brought a sense of revival to the community, yet its price continues to […]
A record 35.5% of BNB Chain’s blocks were affected by Sandwich attacks in November. Over the past week alone, 645 Sandwich Bots were found to be active on the chain. In total, roughly 43,400 DEX traders were impacted during the entire ordeal. Sandwich Bots Exploit BNB Chain According to data compiled by Dune Analytics, the […]
Bitcoin experienced outflows of $457 million in the past week, marking the first significant withdrawals since early September. CoinShares interpreted this figure as profit-taking after BTC tested the key psychological level of $100k. Short-Bitcoin products saw a modest inflow of $0.5 million during the past week. On the other hand, altcoins mostly attracted inflows, including […]
SecondLane, a private markets trading platform, has listed a 1% equity stake in Pump.fun for $15 million. This puts Pump.fun’s fully diluted valuation (FDV) at $1.5 billion. Token Launch and New Trading Features The stake can be purchased on SecondLane’s web app and through its Telegram channel, where new offerings are regularly announced. Pump.fun, which […]
Prominent blockchain detective ZachXBT has uncovered a hacking spree targeting popular accounts on X and Instagram, which fueled a wave of pump-and-dump schemes linked to meme coins launched on Pump.fun. Celebrities such as musicians Usher and Wiz Khalifa, actor Dean Norris, as well as a Japanese public aquarium fell victim to these attacks. Hacks Targeting […]
Solana has started the new week by reaching a new milestone: the monthly trading volume in its decentralized exchange (DEX) ecosystem has surpassed $70 billion for the first time in the network’s history. The uptick in monthly trading activity was pushed by consistently high daily volumes, including breaking past $5 billion for three consecutive days. […]