Ethereum

April

Rise

<p>Amid concerns surrounding the Ethereum gas fee dropping to five-year lows, the ETH transaction count on the blockchain is nearing its all-time high. This shows the robust demand thereby building confidence among investors.</p>
<h2 class="wp-block-heading" id="h-ethereum-transactions-on-the-rise"><strong>Ethereum Transactions on the Rise</strong></h2>
<p>Since April this year, just after the Dencun upgrade, the Ethereum gas fee has stayed below 2 Gwei. As a result, the ETH inflation has surged by 228,000 in the past four and a half months thereby putting the annual inflation at 600K with an inflation rate of 0.5%.</p>
<p>Several market analysts have been stating that this inflation has put pressure on the ETH price surge. Popular crypto trader Daan Crypto addressed the concerns of Ethereum network turning “dead” stating that the Ethereum transactions remain near its all-time highs.</p>
<p>He added that the reduced gas fees are largely a result of network improvements and scaling efforts, not a sign of declining activity.</p>
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   <p lang="en" dir="ltr">Seeing a lot of people saying the <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> network is dead because Gas/GWEI has been hitting &lt;1 recently.<br><br>Meanwhile, the ETH network transaction count is still near all time high levels.<br><br>The low gas fees are mostly thanks to network improvements/scaling. <a href="https://t.co/HBkPuJsBBy" rel="noopener noreferrer nofollow">pic.twitter.com/HBkPuJsBBy</a></p>— Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1826514893971095886?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
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<p>Furthermore, <a href="https://www.thecoinrepublic.com/2024/08/18/vitalik-buterin-registers-new-domain-name-to-promote-privacy/" rel="noopener noreferrer nofollow">Vitalik Buterin</a> has also come out defending the platform and addressing concerns regarding the weakness in the ecosystem. He listed several developments such as the <a href="https://www.thecoinrepublic.com/2024/08/14/ethereum-l2-takeover-base-arbitrum-rally-to-12-52m-transactions-ath/" rel="noopener noreferrer nofollow">Layer 2</a> platforms – Optmism and Arbitrum – hitting new milestones with L2 transaction fees dropping all the way under $0.01.</p>
<p>He further said that the cross-L2 user experience has significantly improved, eliminating the need for manual network switching. Buterin also noted advancements in zero-knowledge (ZK) tooling.</p>
<p>Additionally, advancements in STARKs highlight the long-term strategy for security and decentralization.</p>
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   <p lang="en" dir="ltr">Ethereum has gotten stronger:<br><br>* Under $0.01 txfees on L2<br>* Two EVM L2s (<a href="https://twitter.com/Optimism?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Optimism</a> <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@arbitrum</a>) now at stage 1<br>* Cross-L2 wallet UX has improved a lot (eg. no more manually switching networks), though still a long way to go<br>* Much more powerful and mature ZK tooling making life… <a href="https://t.co/4jQGeZ3qEA" rel="noopener noreferrer nofollow">pic.twitter.com/4jQGeZ3qEA</a></p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1826506920393355347?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 22, 2024</a>
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<h2 class="wp-block-heading" id="h-blackrock-s-etha-hits-fresh-milestone"><strong>BlackRock’s ETHA Hits Fresh Milestone</strong></h2>
<p>Although the spot <a href="https://www.thecoinrepublic.com/2024/08/17/expert-predicts-equal-bitcoin-and-ethereum-etf-allocations/" rel="noopener noreferrer nofollow">Ethereum ETFs</a> witnessed outflows for five consecutive trading sessions, the BlackRock Ethereum ETF ETHA continues to make significant progress. It is registering more than $1 billion in inflows in less than a month of launch.</p>
<p>This puts BlackRock’s iShares Ethereum ETF (ETHA) in the list of top-seven ETF launches this year, noted ETF Store President Nate Geraci.</p>
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   <p lang="en" dir="ltr">Ex-ETHE, over $2bil has now come into spot eth ETFs since launch…<br><br>In *4 weeks*.<br><br>For context, if viewed cumulatively, that $2bil would = top 4 ETF launch this yr.<br><br>The top three ETFs are all spot btc ETFs (IBIT, FBTC, ARKB).<br><br>On its own, iShares Ethereum ETF = top 7 ETF launch.</p>— Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1826268160775131641?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2024</a>
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<p>ETH price continues to flirt around $2,600 levels with a tight fight between the bulls and the bears. Any macro catalyst and interest rate cuts can take ETH above $3,000.</p>
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/22/ethereum-transactions-on-the-rise-low-gas-fee-not-a-worry-what-to-expect/" rel="noopener noreferrer nofollow">Ethereum Transactions On The Rise, Low Gas Fee Not A worry: What to Expect?</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.</p>

Ethereum Transactions On The Rise, Low Gas Fee Not A worry: What to Expect?

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