Ethereum Defi Users Surpassed 4 Million, Representing an Increase of Around Eight Times in a Year

Ethereum Defi Users Surpassed 4 Million, Representing an Increase of Around Eight Times in a Year

The number of (DeFi) users on Ethereum has crossed four million for the first time. Since the beginning of the year, the number of users has been steadily increasing. In the last week of November 2021, the total number of users in the DeFi space on Ethereum surpassed four million for the first time. According…

Ethereum: 1 Million ETH Has Been Burnt, Yet Transaction Prices Remain a Challenge

Ethereum: 1 Million ETH Has Been Burnt, Yet Transaction Prices Remain a Challenge

The Ethereum network successfully burned 1 million ETH, worth over $4 billion, earlier today. The London hard fork (EIP-1559) was successfully implemented in early August, and this milestone was reached three months later. By building the basis for the ‘proof-of-work mining system, the developers hoped that the improvement would not only make the network more…

Vitalik Buterin Suggests a Limit to Minimize ETH Gas Costs In in EIP-4488

Vitalik Buterin Suggests a Limit to Minimize ETH Gas Costs In in EIP-4488

The network’s gas prices have just increased. In reality, Ethereum has seen a drop in users due to rising costs. EIP-4488 (Ethereum Improvement Proposal) was proposed by Vitalik Buterin, the Ethereum founder, to address excessive Layer 2 gas prices. Buterin proposes a restriction on transaction calldata in general. Furthermore, the restriction will address the overall…

A Film on Ethereum Might Be Released in the Near Future

A Film on Ethereum Might Be Released in the Near Future

With the news of a movie in the works, Ethereum, the second-largest cryptocurrency, is moving a massive step closer to becoming mainstream. With multiple honorable mentions in movies, Bitcoin has gotten the most attention, but now it’s Ethereum’s turn to shine. From the pages of a novel to the silver screen: Following the announcement that…

The price of Ethereum has risen to almost $4,300. What Does This Mean for Investors?

The price of Ethereum has risen to almost $4,300. What Does This Mean for Investors?

The price of Ethereum is floating at $4,300 on Wednesday, up from last week’s short dip below $4,000. President Joe Biden signed a $1.2 trillion infrastructure plan into law this week, which included measures that might have major tax ramifications for certain crypto investors. Ethereum (ETH) reached a new all-time high of $4,865 on November…