Ethereum Network Fees Increase 5x
The cost of transactions on the Ethereum blockchain has increased significantly recently, reaching $3.98 per transaction. This is almost five times higher than the cost observed in early September, when the commission dropped to $0.85. The rise in transaction prices on the second-largest cryptocurrency network has contributed to the acceleration of the coin destruction process. Thus, if 80.27 ETH were burned on September 1, then by September 21 this figure increased to 1360 ETH.
The leader in gas consumption is the decentralized exchange Uniswap, followed by transactions with the transfer of crypto assets. The list of the most active participants also includes trading bots Maestro and Banana Gun. The increase in fees and the intensity of coin burning did not have a positive effect on network activity. The average number of active addresses has fallen by 14% since the beginning of the month.
TON Network Load Expected
The Open Network (TON) development team announced an upcoming increase in the blockchain load from September 26 to 29 due to the Hamster Kombat airdrop. Validators have been instructed to closely monitor the health of their equipment and maintain constant communication with the team to ensure the stability of the network.
The developers claim that the upcoming Hamster Kombat airdrop, which will involve 131 million participants, will be the largest TGE (Token Generation Event) in the history of cryptocurrency. They will also implement a new technology called Mintless Jettons for token distribution, which will make the process more efficient and reduce network fees to less than $1 per transaction.
Tron Network Incentive Program for Meme Token Creators
TRON blockchain founder Justin Sun has announced that projects that successfully launch meme tokens on the SunPump platform will be rewarded with 888 TRX (approximately $135.6). This incentive will be given to token developers whose bonding curve reaches 100% within the campaign.
The 888 TRX payout will be transferred to the winners' wallets within 14 business days after the campaign ends. The final date of the campaign is planned to be announced through the platform's official channels.
TVL Base Exceeds $2 Billion
For the first time, the Base network has surpassed $2 billion in total value locked (TVL). The network, powered by Coinbase, now ranks second among L2 solutions by value and sixth among all blockchains in the overall ranking. Since the beginning of the year, Base’s TVL has increased from $430 million to a healthy $2 billion, representing a 370% increase. The largest contributor to this growth has been the decentralized exchange Aerodrome, which has over $1 billion locked, followed by Uniswap with $221 million locked. While Arbitrum remains the leader among L2 solutions in TVL, Base outpaces its competitors in terms of transactions and active addresses.
Cardano Founder Calls Ethereum a "Dictatorship"
Charles Hoskinson, the founder of Cardano, expressed his opinion that the Ethereum governance model is heavily dependent on Vitalik Buterin, the co-founder of the network. He emphasized that Ethereum can either remain simple like Bitcoin or appoint a "king" to lead.
Hoskinson explained that Cardano is trying to solve the "governance trilemma" of efficiency, effectiveness, and integrity through the delegation of representatives and the Intersect organization, which is based on the principles of membership. This structure allows for governance issues to be decided through voting by its members. Hoskinson argues that having these three components allows us to avoid "Bitcoin anarchy or Ethereum dictatorship."
Regarding Buterin's role, Hoskinson noted his key position in the development of Ethereum. He claims that Buterin is the only one who can unite the community, and his absence would call into question the implementation of the next significant updates.
Binance Denies Rumors of Data Leak and Sale
An advert for the sale of data allegedly belonging to 12.8 million users of the Binance crypto exchange has appeared on a darknet forum. According to the information, the leaked data includes last names, first names, email addresses, phone numbers, dates of birth, physical addresses and postal codes, and the incident itself took place in August 2024.
The hacker is offering the data for sale in whole or in part and encourages interested buyers to contact him via Telegram. However, a Binance representative denied this information, denying that the personal data of the platform's users was leaked.
