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Leading DeFi protocols are rushing to implement Layer 2 to ease the burden of high gas fees. Decentralized finance (DeFi) protocols are racing to implement Layer 2 scaling solutions as Ethereum gas fees skyrocket and the network struggles under the demand.Popular DeFi platforms including Uniswap, Aave, and Synthetix are gettin closer to rolling out the […]
Ethereum’s economy hits new milestones in terms of transfer value and ERC-20 market capitalization. Ethereum’s economic metrics are strengthening as transfer value and ERC-20 market capitalization continue to build momentum.Research by on-chain analytics platform Santiment has revealed that the market capitalization for all ERC-20 based tokens has flipped that of Ethereum itself. It added that […]
FIlecoin has been testing EIP 1559 which aims to tackle high network fees on Ethereum. A long anticipated Ethereum Improvement Proposal (EIP) which aims to tackle high network fees is currently being tested on the Filecoin network.A proposal to change Ethereum’s fee structure has been in the pipeline since first being suggested in April 2019. […]