EIP-1559 | Crypto Profit Bot

Ethereum sees first consecutive week of deflationary issuance

November 2, 2021

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More than $65 million worth of ETH is currently being burnt daily by the Ethereum network. 8025 Total views 30 Total shares The Ethereum network has seen its first consecutive week of negative supply issuance as bubbling markets drive persistently high transaction fees. With the highly anticipated London upgrade introducing a burn mechanism into Ethereum’s […]

3 factors that can send Ethereum price to 100% gains in Q4

October 1, 2021

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Ethereum’s native token, Ether (ETH), has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether’s price soared by more than 9% on Oct. 1 to hit nearly $3,300 for the first time in 10 days. Its gains surfaced primarily in the wake […]

$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

September 17, 2021

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More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It’s the second time this year and the price went vertical last time. 8102 Total views 43 Total shares More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation […]

Ethereum supply flips briefly into deflation as gas fees spike

August 11, 2021

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A spike in gas fees and ETH burn rates has produced almost 800 deflationary blocks so far. 9823 Total views 92 Total shares The theoretical deflationary properties of Ethereum’s London upgrade last week have already been seen in action on the blockchain with almost 800 “deflationary blocks” produced. A spike in the Ethereum transaction fee […]

Vitalik: ‘More confident about the merge’ following ETH’s successful London upgrade

August 6, 2021

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The London upgrade has been a success, and now eyes are on the even more eagerly awaited merge with Eth 2.0 4989 Total views 274 Total shares Ethereum co-founder Vitalik Buterin has hailed the London hard fork a success adding that it has given him more confidence over the upcoming merge to the Eth 2.0 […]

Ethereum network burns $395K ETH per hour after London upgrade

August 6, 2021

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At current burn rates, 2.3 ETH per minute, or $6,600 is going up in smoke. 12894 Total views 68 Total shares Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5. The highly anticipated London hard fork went live on Wednesday this week, […]

Ethereum is becoming ultrasound money, ConsenSys founder says

August 5, 2021

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“With $13 billion worth of Ether locked up in Ethereum 2.0 and $70 billion locked up in decentralized finance, we have enormous demand for the Ether token,” said ConsenSys founder Joe Lubin. 3479 Total views 38 Total shares ConsenSys founder and Ethereum (ETH) co-founder Joseph Lubin has implied that Ethereum is transitioning to “ultrasound money” […]

Ethereum’s London upgrade deployed to final testnet ahead of August 4 fork

July 9, 2021

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The long-awaited EIP-1559 upgrade is just 26 days away now. 6148 Total views 14 Total shares The long-awaited London upgrade for the Ethereum network is edging closer as the code was deployed to the final testnet this week. Ethereum’s London hard fork, which will usher in the EIP-1559 upgrade, has now been scheduled for August […]

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Category: EIP-1559