Ethereum’s gas fees reached a one-month low, inspiring renewed interest. NFT activity and validator numbers surge, but whales’ ETH concentration remained a concern. The Ethereum [ETH] network, despite its popularity, has been known to drive away users due to the high gas fees required to make transactions on the network. Is your portfolio green? CheckContinue reading “What can Ethereum’s [ETH] declining gas fees mean for the protocol? Analyzing…”

Optimism network growth declined in the past month, new users show less interest OP token prices were doing relatively well, but future growth is uncertain. Layer 2 solutions have seen a lot of growth in their respective areas, but the competition within this sector has increased tremendously. With Arbitrum [ARB] set to launch its nativeContinue reading “Optimism’s [OP] future might not be all rainbows and unicorns; here’s why”

Bitcoin’s recent bull run generates profits for long and short-term investors. A spike in interest and high MVRV ratio could impact BTC’s price. The recent bull run in the crypto space has brought all eyes to Bitcoin [BTC], with its soaring prices generating profits for both long-term and short-term investors. According to new data providedContinue reading “Bitcoin [BTC] holders cheer the bull run, but is there more to the story?”

Arbitrum faces security risks as activity on network surges. The decline in stablecoin usage may impact Arbitrum’s long-term growth. Arbitrum [ARB] has been experiencing a significant surge in activity lately due to the upcoming ARB AirDrop. While this has undoubtedly been great news for the network and its users, it has also opened up an opportunityContinue reading “Is Arbitrum Network’s [ARB] rapid growth under threat from hackers?”

MakerDAO’s DAI was safely collateralized, but interest in it was declining at press time. Active development offers hope for MakerDAO’s future. Following the collapse of SVB and the stablecoin saga, many have lost faith in crypto-backed stablecoins. Read Maker’s [MKR] Price Prediction 2023-2024 In an attempt to restore faith in DAI, on 17 March, MakerDAOContinue reading “Exploring MakerDAO’s plans for DAI as stablecoins face FUD”

Bitcoin bubbles may aid its long-term adoption, as per an analyst. Maximalists remain optimistic about BTC despite short-term concerns. Matt Huang, the co-founder of Paradigm ventures, believes that Bitcoin has been going through bubble phases that impact its overall health. According to him, bubbles are created when short-term traders start to buy BTC due toContinue reading “‘Bitcoin bubble may end up helping BTC’ go north, here’s how”

Yuga Labs’ NFTs drive Ethereum NFT market resurgence. APE token sees a decline amidst overall market growth. Over the last few days, the Ethereum NFT market has taken a massive hit, as Bitcoin inscriptions took over. Ethereum-based NFTs such as BAYC and MAYC were severely affected as attention towards inscriptions increased. However, new data suggestsContinue reading “Ethereum NFT market’s resurgence might be short-lived, here’s why”

MakerDAO’s RWA holdings led to profits amid stablecoin market issues. Protocol maintains stability but faces a decline in unique users. The stablecoin market faced a significant challenge as USD Coin [USDC] came under scrutiny. MakerDAO, the protocol behind stablecoin DAI, also felt the impact. But despite this, MakerDAO saw profits, thanks to its RWA holdings.Continue reading “MakerDAO: How RWA holdings contributed to profits amidst stablecoin saga”

Interest in LSD declines, Lido protocol sees some turbulence LDO prices surge, however, metrics projected a pessimistic outlook The larger staked ETH market has started to reflect regulatory concerns, according to new data. Over the past few weeks, the overall amount of ETH staked through liquid staking derivatives has declined too. Read LDO’s Price PredictionContinue reading “Lido in muddy waters? New data around LDO suggests….”

Optimism Goerli nodes halted temporarily, business went on as usual for Optimism Spike in daily transactions observed while fees collected declined on the charts The implementation of the long-anticipated Shapella hard fork took place on Ethereum’s Goerli network on March 15. This resulted in a brief pause in Optimism‘s Goerli nodes. Goerli is a networkContinue reading “Is Optimism’s ecosystem really thriving after Shapella Fork’s interruption”

While Solana saw growth on multiple fronts, TVL declined On-chain metrics showcased a pessimistic outlook, with some traders turning bearish Multiple dApps and DEXs on the Solana network have seen an uptick in activity over the last few days. However, this spike in activity on Solana may not be enough for the chain to takeContinue reading “Will Solana miss out on the current bullish market? The answer is…”

Ethereum upgrade launched on the Goerli testnet. Issues emerge; however, validator interest remained consistent. The much-awaited Shanghai upgrade was executed on Ethereum’s [ETH] Goerli testnet on 15 March. The Goerli network is a decentralized network designed to be a testing and development environment for Ethereum-based decentralized applications. Goerli forked! — timbeiko.eth (@TimBeiko) March 14, 2023 ReadContinue reading “Ethereum: Shapella upgrade forked with Goerli testnet, this is what went down”