Tag: Ethereum

TRON Tops Blockchain Revenue, Beating Ethereum and Bitcoin

Summary: TRON is currently the top-grossing blockchain, overtaking Ethereum and Bitcoin. Stablecoin and memecoin trading has driven the increase while TRX, the cryptocurrency, has declined by 9.22% to $0.2230.

TRON is here as the top-grossing blockchain in the last week, trailed by Ethereum, Solana, and Bitcoin. The network also experienced high levels of user engagement, with a total of over 6.19 million active addresses and 60 million transactions, reflecting a 3.2% surge.

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Bitcoin was not as lucky. The revenue in fees from mining on the network declined 45% and collected only $3.03 million. To make things worse, active addresses on Bitcoin decreased 7.5%, reflecting slower traffic on-chain.

TRON’s revenue growth is largely fueled by its increasing stablecoin ecosystem as well as the popularity of memecoins on its network. TRON alone accounted for $566 million in transaction-based revenue in Q3 2024, surpassing Ethereum and Bitcoin.Its popularity is driven partly by minimal transaction charges, as well as in DeFi and stablecoin markets.

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Despite all that revenue surge, native token TRON, TRX, went down 9.22% last week. It’s currently selling at $0.2230 with a market capitalization of $21 billion.

Ethereum’s Hoodi Testnet Drops to Fix Pectra Upgrade—Here’s Why It Matters!

Ethereum just dropped a new testnet, Hoodi, to fix Pectra upgrade issues. Expect Smart Wallets, faster transactions, and smoother upgrades soon!

Ethereum’s got some serious updates coming, but things haven’t been smooth sailing. The Pectra upgrade was supposed to be a big win, but testnet hiccups messed things up. Sepolia and Holesky ran into issues—Holesky even went completely offline for weeks! So, Ethereum devs just dropped a new testnet, Hoodi, launching March 17 to iron out the final wrinkles.

Tim Beiko, Ethereum’s core dev, spilled the tea on X (Twitter), saying Hoodi’s main goal is to test validator exits while Sepolia and Holesky handle the rest. If everything goes well, we could see Pectra officially rolling out 30 days after Hoodi’s successful fork.

So why should you care? The Pectra upgrade brings Smart Wallets, letting you program your wallet and pay gas fees in different cryptos—not just ETH. That’s a game-changer for users who hate being stuck with ETH-only fees. Plus, Ethereum is working on faster, smoother transactions, making the whole experience better for both users and devs.

Testnets like Hoodi are playgrounds for devs to test updates without using real ETH, making sure the upgrade is solid before hitting the mainnet. Fingers crossed for a smooth Hoodi launch!

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Crypto Whale Loses $306M After Getting Liquidated on 50x Leverage Bet on Ethereum

A whale lost $306M after making a big bet on ETH with 50x leverage. Moral of the story: crypto’s a gamble.


A crypto whale just took a massive L, losing a whopping $306.85 million after his all-in ETH bet was liquidated. Here’s the twist: he was on 50x leverage, meaning his bets were super high-risk.

Starting on March 10, this year, the whale sold 947 ETH for $1.95M in USDC and used it to long ETH on Hyperliquid. As the days went on, he stacked up more and more ETH, pushing his position to 140,458 ETH (worth $269.8M). His entry price was $1,900.28, with a liquidation level of $1,805.

Things went downhill fast. ETH’s price dropped, and the whale’s position got wiped out when the price fell below the liquidation level. In minutes, 160,234 ETH worth $306.85 million was gone.

This huge liquidation is one of the biggest in crypto history. Trading with high leverage is like gambling – even small price changes can lead to massive losses. Many traders on X are using this as a lesson in risk management. Crypto can make you or break you in an instant.

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Ethereum Falls Below $2,000 as Market Reacts to Trump’s Bitcoin Move

Summary: Ethereum dipped below the important $2,000 mark, losing 5.5% over 24 hours and its weekly decline to nearly 20%. The market decline follows an Executive Order signed by then-U.S. President Donald Trump establishing a Strategic Bitcoin Reserve. With increasing institutional investment in Bitcoin, governments’ inability to make outright buys infuriated traders, leading to a broad crypto sell-off.

Ethereum hit $1,999 during Monday’s Asian session, holding off key levels. The analysts say ETH has not been able to breach long-term resistance levels, with the quarterly SuperTrend indicator being one significant barrier. ETH could continue falling to $1,105 if demand stress continues.But on-chain data shows that large investors have been purchasing ETH, with over 330,000 ETH purchased within the past 48 hours.

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Despite the bearish signals, a potential Wyckoff reaccumulation phase suggests a potential rally in the near term. To change bullish, Ethereum needs to reclaim $2,125, which can push it up to $2,359. Maintaining current support levels is crucial in preventing further drops.

Trader Turns $81M Profit on Insane Ethereum Short—Lucky or Insider?

A crypto trader just pulled off a legendary move, bagging $81 million in profits by shorting Ethereum right before Trump announced new tariffs on China, Mexico, and Canada. As expected, ETH tanked, and this trader’s bet paid off big time.

A crypto trader just made $81 million in profit by shorting Ethereum right before Trump announced new tariffs on China, Mexico, and Canada. As soon as the news hit, ETH’s price dropped, and the trader’s bet paid off massively. He used 50x leverage, meaning even a small price swing in the wrong direction could have wiped him out completely. Instead, he hit the jackpot at the perfect moment.

This isn’t the first time something like this has happened. Back in March 2025, another trader made $6.8 million by going long on Bitcoin and Ethereum right before Trump’s “Crypto Strategic Reserve” announcement. He deposited $5.9 million, opened $200 million in leveraged positions, and cashed out right after Trump’s tweet.

With two perfectly timed trades before major government news, people are suspicious. Some say it’s pure skill, while others believe it’s insider trading. Whatever the case, this trader just made one of the biggest crypto plays of the year, and everyone is watching to see what he does next.

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Ethereum’s Pectra Upgrade Hits Snag on Testnet, Mainnet Timeline Uncertain

Summary: Ethereum’s much-anticipated Pectra update hit a snag in its Holesky testnet deployment on Feb. 24, holding up the originally planned mainnet debut. Developers are working on a fix, but timing remains unclear.

Ethereum’s Pectra update, heralded for such critical improvements as higher staking thresholds, better scaling, and wallet smart features, has encountered trouble. The upgrade went live on the Holesky testnet on February 24 but ran into a critical finalization issue—nodes failed to agree on the next block, halting progress.

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Georgios Konstantopoulos, a key contributor, explained that the problem stemmed from a bug in the deposit contract address, which disrupted block production.Ethereum coders soon set to work creating a patch and getting back to business.

Despite the glitch, the team remains optimistic. “Glad Reth & Erigon went off without a hitch, and in my opinion, NBD for other teams,” Konstantopoulos said, underlining that the ecosystem is going forward together.

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First, the release was to be done in phases, with Sepolia’s testnet going live on March 5 and mainnet on April. With this delay, however, the timeline becomes cloudy. It is being worked on by developers to be addressed as soon as possible, but the Ethereum community will have to wait slightly longer to witness Pectra completely rolled out.

Bybit Hacker Used Binance for Gas Fees Before $1.4B Heist

Summary: One new twist in the Bybit hack is that the hacker used Binance to fund gas charges just days prior to stealing $1.4 billion from the exchange. This raises questions about who the hacker is and if Binance’s records could be used to find them.

The Bybit hack just got even more interesting. It turns out the attacker used Binance to top up Ethereum for gas fees three days before pulling off the $1.4 billion exploit. This detail was uncovered by blockchain analytics firm Lookonchain, adding a new layer to the investigation.

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The fact that the hacker interacted with Binance means there’s a chance their identity could be traced. Security experts at Beosin are urging Bybit to contact Binance to access KYC (Know Your Customer) data linked to the transaction. If the account is legit, it could be a major break in the case.

That said, there’s a high probability the Binance account was purchased on the dark web meaning fake credentials were used, making it a dead end. Only a police investigation, with cooperation from both Bybit and Binance, can confirm if this lead is useful.

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The hack was particularly on Bybit’s Ethereum cold wallet, which emptied 401,347 ETH. The market repercussions are already being experienced, with the price of Ethereum dipping 6% once the news emerged. Everyone is now waiting for Binance and whether their data can be utilized to track the hacker.

Ethereum Gas Fees Hit Record Low, Dropping to $0.40

Ethereum gas fees have fallen to their lowest point since July 5 years ago, reaching as low as $0.40 in the last week. It takes about $0.70 for a straightforward swap on Uniswap, while USDT transfer is as cheap as $0.11, based on Etherscan data.

The drop coincides with Ethereum undergoing critical network upgrades like increased gas limits and the inclusion of blob transactions. Lower fees usually mean less congestion, making it cheaper to use the network.

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At the same time, Ethereum’s price has been struggling. ETH is currently trading at around $2,800, down 15% in the past month, according to CoinMarketCap. Some experts see this as a temporary slowdown before a bigger move.

“When Ethereum fees are this low, it usually means the network isn’t overcrowded,” says Santiment, a market analytics firm. “Reducing gas prices is a bearish indicator of waning activity for some, but it also creates a chance for new users to come into the market.”.

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With transaction costs hitting record lows, it’s becoming cheaper to employ Ethereum-based services and applications. While investors see this as a signal that something is off, others believe it could lead to a new wave of adoption and bring new traffic into the network.

Trump-Linked WLFI Buys 200M Tokens Amid Growing Crypto Reserves—What’s the Endgame?

WLFI, a Trump-affiliated crypto project, bought 200M tokens after withdrawing $10M USDC, stacking assets like Bitcoin and Ethereum.

A Trump’s World Liberty Financial (WLFI) multi-signature wallet recently purchased 200 million WLFI tokens after it pulled $10 million USDC from Binance on Feb. 18. This fresh update, covered by On-Chain Lens, adds fuel to the fire surrounding WLFI—a politically connected crypto project.

WLFI has been bringing in the big money, raising $455 million in token sales. The first sale raised $319 million, selling tokens at $0.015 per token, while the second round raised $136 million at $0.05 per token. Despite it having set itself up as a DeFi lending platform, WLFI has not yet launched any real DeFi services, leaving everyone questioning its real use case.

Observers think this isn’t just about crypto—it’s about leveraging Trump’s political power for financial gain. The Trump family controls 75% of token sales revenue, and Justin Sun (founder of TRON) has become the biggest institutional investor, putting in $75 million.

WLFI is stacking assets, holding $327M across various platforms, with big chunks in Bitcoin, Ethereum, and stablecoins. The latest move signals one thing—WLFI is building a massive war chest, but whether it’s for crypto dominance or something else remains to be seen.

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Ethereum Sees $1.1B Stablecoin Surge as Solana Loses Ground

Summary: Ethereum’s stablecoin supply jumped by $1.1 billion in just a week, while Solana saw a $772 million decline. Analysts say Ethereum’s lower gas fees and technical improvements are driving demand for USDT and USDC on the network.

Ethereum is seeing a fresh wave of stablecoin activity, with on-chain data showing a $1.1 billion increase in USDT and USDC supply over the past week. Concurrently, Solana has witnessed a precipitous fall of $772 million, with questions raised regarding changing market trends.

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Ethereum and Solana dominate the stablecoin market to a great extent, but recent patterns indicate Ethereum taking momentum back, as per blockchain analytics platform Lookonchain. The drop in gas fees and continuous improvements in Ethereum’s infrastructure have made it a more attractive option for stablecoin transactions, bringing fresh liquidity back to the network.

Meanwhile, Solana has lost nearly $780 million in stablecoin supply, with no clear explanation.Others believe network stability problems and changing user needs may be pushing funds elsewhere.

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Data from DefiLlama shows Ethereum still leading the stablecoin market with over $122.9 billion in supply, or 54.63% of the total supply. Solana, however, has just 5.15%—around $11.58 billion.

These shifts reflect the constantly shifting nature of crypto markets, in which small fluctuations in cost, speed, and reliability can quickly influence where consumers would rather transact.

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