According to a new report report by data analytics platform Flipside, in 2023 Ethereum and Polygon were the leading chains in terms of monthly acquired users. Each of the chains gained over 15 M with Ethereum coming the first by a little difference.
Conflux Network has introduced a significant development in the cryptocurrency sector: a second-layer blockchain for Bitcoin, designed to be compatible with the Ethereum Virtual Machine (EVM).
The Ethereum development team is poised to initiate a test network for the forthcoming Dencun upgrade on January 17, 2024. Anticipated to bring a host of innovations, this upgrade is set to lower transaction fees for second-layer Rollups and enhance scalability.
The recent bug in the Nethermind client software, which resulted in 8% of Ethereum validators being knocked offline, has raised alarms about the network's susceptibility to such flaws. The crux of the problem lies in the fact that most validators rely on the same software.
Avalanche blockchain is trailing in the stablecoin market, with a capitalization of just $1 billion. This situation is taking a toll on the DeFi applications' liquidity within its ecosystem and obstructing a steady flow of new users to the platform. To draw a comparison, the stablecoin market cap on Ethereum stands at $71 billion, while on Tron, it is $52 billion.
The Dencun upgrade (Cancun-Deneb) has successfully been deployed on the Ethereum Goerli test network, overcoming a minor hiccup. A glitch that caused a four-hour delay was swiftly rectified with a patch.
The prospect of a spot Bitcoin ETF gained momentum in June with BlackRock, an investment titan managing about $10 trillion in assets, submitting its application for registration.
Circle, the company behind the euro-backed stablecoin EURC, has expanded its availability. In addition to networks like Ethereum, Avalanche, and Stellar, EURC is now accessible on the Solana blockchain.
Analysts from JPMorgan Chase, a major U.S. banking conglomerate, predict that Ethereum could potentially surpass Bitcoin by 2024. They attribute this potential shift to the anticipated EIP-4844 update, which is poised to significantly boost Ethereum's network efficiency and reduce transaction fees.
