Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity
Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these networks face as total fees and token performance drop below early-year highs. Ethereum, Solana, and Bitcoin See Sharp Drop in […]
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as earnings hit their lowest […]
Bitcoin miners already made nearly $600K from Ordinals’ NFT transactions
The Ordinals hype is real, with the NFT inscriptions now regularly taking over 50% of Bitcoin block space.This post was originally published on this site