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Ethereum - Page 101

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Inside the Data Driving Axie Infinity's Torrid Growth

Inside the Data Driving Axie Infinity's Torrid Growth

On-Chain Markets Update by Juan Pellicer, IntoTheBlock Axie Infinity has recorded unprecedented growth in the crypto space. This week the data confirmed that it surpassed more than $1 billion in sales and the equally spectacular achievement of one million daily users. Where is the limit for Axie Infinity? Will play-to-earn help to expand crypto adoption…
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Hackers Wanted: $1M  Bounties Entice White Hats to Hunt for DeFi Bugs

Hackers Wanted: $1M Bounties Entice White Hats to Hunt for DeFi Bugs

Should I just steal the money? There’s a vulnerability in the code… Of a DeFi protocol with $3B in TVL. I was just looking at the open-source code for fun. But now, it’s serious. There’s a bug bounty, a reward that pays out $10K to anyone who finds a major weakness. But exploiting this vulnerability…
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Market Maker Flaws Open Door to Middleware Providers in Race for Liquidity

Market Maker Flaws Open Door to Middleware Providers in Race for Liquidity

The yield farming revolution has been one of the biggest  stories in DeFi over the last year, thanks largely to automated market makers (AMM). Operating behind the scenes,  these protocols attracted billions of dollars into smart contracts. Spurred by incentives in the form of newly minted tokens, investors dove into AMM’s liquidity pools and changed…
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"We're Not Really at an Inflection Point Yet:" OpenSea's Nate Chastain

"We're Not Really at an Inflection Point Yet:" OpenSea's Nate Chastain

In this week’s episode we interview Nate Chastain, head of product at OpenSea. Opensea got its start back in 2017 when CryptoKitties launched on Ethereum. After those digital cats, the NFT space was pretty dead for the next couple of years. Now OpenSea is reaping the rewards of hanging through that NFT winter, as NFT summer explodes with…
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ETH Burns and a Price Surge After EIP-1559 Executes

ETH Burns and a Price Surge After EIP-1559 Executes

The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned.  The proposal, which went into effect with the London hard fork at 8:34 am…
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The Math Behind a Deflationary ETH After EIP-1559

The Math Behind a Deflationary ETH After EIP-1559

There’s a bullish case for ETH, and it’s being defined by terms such as ultrasound money, triple-halving, and deflationary asset.  Ethereum’s London hard fork is set to execute on August 5 and the included EIP-1559 upgrade has been hailed by many as a game changer for the world’s second largest cryptocurrency. Because the upgrade sets…
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What Will Change for Users and Developers After EIP-1559

What Will Change for Users and Developers After EIP-1559

Ethereum’s London hard fork upgrade, one of the biggest changes to the world’s most active blockchain, is slated to go into effect tomorrow August 5. With anticipation building about its effect on ETH and gas prices, here’s what users should expect. First and foremost, if you have ever been confused by Ethereum gas fees in…
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Here's How EIP-1559 Changes the Economics of Ethereum

Here's How EIP-1559 Changes the Economics of Ethereum

Defiers may be a disparate, opinionated bunch but there is one thing we can all agree on — Ethereum gas prices are a real drag.  Just look at what’s happened over the past few months. Gas prices have ping-ponged all over the place, turning off users from doing all the cool things Ethereum was designed…
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Ethereum Price Rallies in Lead Up to EIP-1559

Ethereum Price Rallies in Lead Up to EIP-1559

The price of Ethereum’s Ether has been rallying in the lead-up to the EIP-1559 upgrade. ETH crossed $2,500 for the first time since June 16 over the weekend — that’s a 47% increase from $1.7K on June 22, the lowest since hitting an all-time high above $4.3K on May 12. Analysts and traders speculate Ethereum’s…
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Ethereum Activity Heats Up Ahead of EIP-1559

Ethereum Activity Heats Up Ahead of EIP-1559

On-Chain Markets Update by Lucas Outumuro, IntoTheBlock Following the market’s crash in May, on-chain activity on Ethereum slowed down as demand for dog-themed tokens and opportunities for yield diminished. Over the past few days, this trend has reversed as demand for NFT and gaming projects picks up. With the implementation of EIP-1559 less than a…