The Department of Motor Vehicles (DMV) for the most populous state in the US is placing its vast and complex vehicle registration system on the blockchain. According to a new announcement from Ava Labs, the development firm behind Avalanche (AVAX) the State of California is using the chain to update its title transfer system. “What […]
The post California DMV Puts Vehicle Registration System on Avalanche (AVAX) to Prevent Fraud: Report appeared first on The Daily Hodl.
One Ethereum (ETH) rival appears primed to closely track Solana’s (SOL) latest surge, according to a popular crypto trader. The pseudonymous analyst known as Inmortal tells his 214,500 followers on the social media platform X that the smart contract platform Avalanche (AVAX) is following SOL with “muscle memory, long and strong.” The trader shares two […]
The post One Ethereum Rival Following in the Footsteps of Solana’s (SOL) Recent Rally, According to Crypto Analyst appeared first on The Daily Hodl.
Leading smart contract platform Ethereum (ETH) generates far more revenue from fees per year than any other blockchain. New data from crypto tracker Lookonchain reveals that the top altcoin earns $2.728 billion in fees per year, or more than twice its closest rival, Tron (TRX), which earns $459.39 million annually. Ethereum also earned just over […]
The post $2,728,000,000 in Fees Generated by Ethereum Blockchain Annually, Over 5x Above Closest ETH Rival: Lookonchain appeared first on The Daily Hodl.
Ethereum network volumes have soared, but a single decentralized application accounted for 59.5% of the entire network’s volume.
The Ethereum network continues to lead in the adoption of decentralized applications (DApps) regarding volumes and deposits. Although competing chains like Solana and BNB Chain benefit from lower transaction fees, which boost metrics such as unique active addresses, nothing prevents well-funded entities from inflating Ethereum’s DApp volumes.
In fact, the recent surge in activity on the Ethereum network stands apart from broader cryptocurrency market trends and even contradicts other usage metrics. While it’s impossible to confirm any manipulation, one should be aware that even with a substantial $2.4 transaction fee, figures can be distorted, particularly in decentralized finance (DeFi) applications, where deposits can exceed $1 billion.
It’s noteworthy that Ethereum was the only network among the top 20 to report an increase in volume, marking an impressive 83% growth compared to the previous week. For perspective, similar protocols such as BNB Chain, Polygon, Solana and TON experienced an average volume decrease of over 30%. Moreover, Ethereum’s 475,980 addresses pale in comparison to BNB Chain’s 1.18 million and Solana’s 1.62 million.
Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.com News by the three teams, the announcement notes that Chainlink […]AVAX token falls 10% after BtcTurk, Turkey's leading crypto exchange, suffers a hack, with 1.96M AVAX moved illicitly.
The post Avalanche’s AVAX down 10% following BtcTurk exchange hack appeared first on Crypto Briefing.
Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours. AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers Zachxbt, a well-known onchain analyst, […]
A closely followed crypto analyst believes that one Ethereum (ETH) rival is gearing up for a massive gain. Pseudonymous trader Kaleo tells his 641,800 followers on the social media platform X that Avalanche (AVAX) may be about to mirror a 2021 bullish pattern against Bitcoin (BTC). “AVAX/BTC: I still wouldn’t sleep on Avalanche here. Chart […]
The post ‘Quiet Before the Storm’ – Trader Says Top Ethereum Rival Mirroring 2021 Price Action That Preceded 700%+ Rally appeared first on The Daily Hodl.
Smart contract platform Solana (SOL) is moving to the top of CoinGecko’s list of fastest blockchains. In a new publication, CoinGecko says Solana is a staggering 46 times faster than its rival Ethereum (ETH), the second-largest digital asset by market cap, making it the fastest large blockchain on the market. However, CoinGecko says that Solana […]
The post ‘46 Times Faster Than Ethereum’ – Solana Races to the Top of CoinGecko’s List of Swiftest Blockchains appeared first on The Daily Hodl.
A closely followed crypto analyst predicts one Ethereum (ETH) competitor is about to have a massive breakout against Bitcoin (BTC). Pseudonymous trader Kaleo tells his 638,000 followers on the social media platform X that the smart contract platform Avalanche (AVAX) could soar against BTC by more than 84% from its current value. “AVAX/BTC: I might […]
The post Crypto Analyst Says Ethereum Competitor To Rip Higher, Predicts Outlook on Dogecoin and One More ETH Rival appeared first on The Daily Hodl.
