Ethereum NFT Users Spend Over $3.8 Billion in Royalties, Platform Fees, and Transaction Gas Fees in Two Years
According to blockchain analytics website Flipside, Ethereum NFT users have spent over $3.8 billion in royalties, platform fees, and transaction gas fees during the past two years. This includes $1.878 billion in royalties, approximately $865 million in platform fees, and around $1.082 billion in transaction gas fees.
Ethereum's Shanghai Upgrade Results in 754K ETH Withdrawn and 249K ETH Deposited for Staking
Additionally, there are currently 1.09 million ETH pending withdrawal. The number of validators now stands at approximately 463,100.
BitPay Introduces Ethereum Purchases with Apple Pay
April 15 (Cointime) - BitPay, a prominent cryptocurrency payment platform, has announced that users can now purchase Ethereum (ETH) using Apple Pay, making it easier than ever to acquire the popular digital asset. ETH enthusiasts can choose between two options, the self-custody BitPay Wallet app or the secure BitPay buying widget online, both of which are compatible with Apple Pay.
Ethereum Leads Market Rally Following Shapella, Bitcoin Tops $30K, Altcoins Thrive: This Week’s Market Recap
This week saw the total cryptocurrency market capitalization soar above $1.3 trillion on the back of major increases from many coins. The sentiment has also improved considerably across the board.
Ethereum Layer 2 Network zkSync Era Jumps to Nearly $250M in Locked Value
The Ethereum scaling blockchain zkSync Era has attracted over $245 million in around three weeks after launch. Data from L2Beat shows over 70,000 ETH, $81 million in USDC stablecoin, and $8 million in MUTE tokens have been locked on zkSync since March 22, distributed among several zkSync-based projects. On-chain exchange Syncswap leads in total value locked (TVL) among Era-based services, followed by Velocore and Mute. Users can earn up to 80% in annualized rewards by providing liquidity or executing trades on these platforms. On-chain derivatives trading has not caught up among Era users so far, and some memecoins fashioned after the Shiba Inu dog breed are seeing cycles of brisk price surges followed by a dump. ZkSync is named after the so-called "ZK rollups," which are a type of blockchain scaling system based on cryptography known as zero-knowledge proofs, seen as a key advance in speeding up blockchain transactions and reducing the cost of network activity.
Bitcoin Price Spikes Above $31K As Ethereum Gains Spark ‘Altseason’ Calls
Bitcoin (BTC) broke through $31,000 on April 14, reaching new ten-month highs, while altcoins, led by Ethereum (ETH), surged higher, prompting talk of an "altseason." Analysts noted that Bitcoin looks strong but will likely experience some shallow corrections in an upward trend, with $29,700 being a key level to focus on. While sentiment was peppered with references to "altseason," commentators acknowledged that Bitcoin is still in the driver's seat mid-term, and it would take a cooling off for BTC price action to stimulate rapid altcoin growth. Nonetheless, the total altcoin market cap added $62 billion in two weeks, and some analysts believe that copycat gains on altcoins should follow an initial surge led by Bitcoin.
Kraken to Withdraw US$1.17 Bln of Staked Ether in Line With SEC Ruling, Settlement
Kraken has initiated the largest amount of Ether withdrawals since the Ethereum blockchain's Shanghai upgrade that allows such withdrawals. The exchange has registered to withdraw 556,272 Ether worth around $1.17 billion, accounting for 63.3% of all staked Ether in the withdrawal queue. Coinbase and Huobi have also initiated withdrawals, but other than centralized exchanges, there has not been a significant volume of withdrawals. As of 1:30 p.m. in Hong Kong, more than 1 million Ether are in the queue for withdrawal. Despite concerns of a rush to withdraw and cash in the token, CryptoQuant does not expect a flood of Ether sales, as the majority of staked Ether is still holding losses compared to Ether prices when it was staked.
