FixedFloat resumes operations after extensive maintenance
We are pleased to announce that after a month and a half break, FixedFloat is back in business. Our team of technical specialists has done a great job of strengthening the security of our service. Unfortunately, not all currencies are currently available for exchange, but we plan to gradually make them available again. We sincerely thank you for your patience and support during this difficult time for us. Thank you for waiting and believing in us.
More than a million new tokens have been created since the beginning of April
Since April 1, 372,642 new tokens have appeared on the Ethereum network, with 88% of them launched based on Base’s L2 solution. This activity is likely due to low transaction costs and the hype surrounding meme tokens. The number of new tokens in one and a half months is twice the number of tokens created over the entire period from 2015 to 2023. The volume of locked funds on Base has increased by approximately 630% since the beginning of 2024, and 643,227 new tokens have been created on the Solana blockchain. Most of the tokens are meme coins. There are 614 similar tokens registered on CoinGecko with a total capitalization of $55.4 billion.
Vitalik Buterin develops EIP-7706, offering a new type of gas for Ethereum
Ethereum co-founder Vitalik Buterin introduced EIP-7706, which introduces a new type of gas for certain transactions. The core mechanism includes the max_basefee and priority_fee functions, which calculate the gas cost of execution, data call, and BLOB operations. To implement these changes, adjustments must be made to EIP-1559 to unify the settlement mechanism for all three types of transactions.
Buterin has previously discussed this concept, proposing the implementation of "multi-dimensional" gas pricing to separate various transactions on Ethereum into different types, with the goal of optimizing the use of blockchain resources. In March, Buterin called the next five years "crucial" for mass adoption of Ethereum and its integration into the real world.
CoinGecko conducted a comparative analysis of the speed of popular blockchains
The Solana network demonstrated the fastest speed among major blockchains, reaching a record high of 1,504 transactions per second (TPS) on April 6 amid a surge in the popularity of meme coins. Such data is presented in the CoinGecko report. Despite its status as the fastest blockchain, Solana only used 1.6% of its theoretical maximum speed of 65,000 TPS, as noted by CoinGecko.
The second position was taken by another non-EVM network - Sui, which reached a record 854 TPS in July 2023. Among the relatively fast blockchains that do not support the Ethereum virtual machine, TON (175 TPS) and Near Protocol (118 TPS) stand out. Aptos (49 TPS), Starknet (12 TPS), Bitcoin (11 TPS) and Thorchain (2 TPS) turned out to be slower.
Among EVM blockchains, the leaders are BNB Chain and Polygon with 378 TPS and 190 TPS, respectively. Polygon outperforms Ethereum, which reaches a speed of 22.7 transactions per second, by 8.4 times.
Binance has begun developing a tool to combat address spoofing
In early May, a user lost 1,155 WBTC due to spam transactions. The attackers sent small amounts from addresses that were visually similar to the victim’s addresses, having the same beginning and end. The problem is that some wallets only show the beginning and end of the address when sending funds, hiding the middle.
This type of scam targets inattentive users who hastily copy the attacker's address and send their tokens to it.
After this incident, Binance began developing a tool to combat address spoofing. The new algorithm has already identified more than 13.4 million fake addresses on the BNB blockchain and over 1.68 million on the Ethereum network.
El Salvador mined 474 Bitcoin using geothermal energy
Since 2021, El Salvador's state-owned volcano-powered geothermal power plant has produced 473.5 BTC, worth about $29 million, Reuters reports. El Salvador began test mining of Bitcoin in October 2021, about a month after the adoption of a law recognizing the first cryptocurrency as a legal means of payment. All of El Salvador's mined bitcoins were generated from a small 102 MW geothermal power plant located near the Tecapa volcano.
