Miners’ income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled.
Ethereum miners accrued $214 million in revenue in October, down from $321 million in September, according to data compiled by The Block. Last month, miners on Ethereum saw a 66.8% drop in transaction fee revenue compared to September, from $171 million to $57 million. Compared to September, transaction fees on Ethereum, as a share of […]
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Quick Take
- Total adjusted on-chain volume, which is a proxy for economic throughput, saw a decrease of 8.9% in October, to ~$134.5 billion.
- Cryptocurrency traded volumes saw an 25.8% decrease in October.
- Transaction fees on Ethereum decreased significantly to 26.6% of the total miner revenue.
- Aggregated open interest of Bitcoin options reached a new all-time high of $2.41 billion by the end of October.
Count this as another sign FTX is expanding its reach in retail crypto trading.
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Layer1 Technologies is facing a lawsuit from a co-founder who claims he invested millions of dollars and was then forced out of the firm.
Sam Bankman-Fried’s Alameda Research has invested $3 million in trading platform 3Commas.
Visa has added crypto wallet provider ZenGo into its Fast Track program. The startup hopes to launch a debit card in the U.S. in early 2021.
Join The Block’s Asia Editor Wolfie Zhao, and Accenture’s Blockchain APAC lead Jamie Solomon as they take a look at the regulatory landscape surrounding Hot vs Cold crypto storage across Asia Pacific.
The post The Block Presents: The Hot vs. Cold Storage Debate Across Asia Pacific — Brought to you by Ledger Vault appeared first on The Block.
NIFTEX, the platform that allows for the fractional trading of non-fungible tokens (NFTs), announced a $500,000 funding round led by 1kx.
From a look-back to bitcoin’s price reaction in November 2016 to the ramifications of a “blue wave” (or red), here’s how to play the election.
