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Tron network gained $1.31 million in revenue in the last 24 hours. Tron fees revenue reached over $435 million, exceeding Ethereum’s fees of nearly $364 million over a 90-day period. Tron’s 30-day revenue surpassed Ethereum’s revenue by almost 50%.
Share link:In this post: Bitcoin fees fall to lowest level this year as third consecutive decline leads to $3.3 million weekly fee. Drop in overall network activity is responsible for decline in transaction fees. Miners are struggling to break even amidst multiple challenges.
Share link:In this post: OpenAI closed the profiles associated with an Iranian entity that tried to sway the U.S. election with the help of ChatGPT. Storm-2035 is reported to be an Iranian network with numerous domains that are meant to resemble genuine news websites. OpenAI continues to monitor and prevent any further misuse of its AI technologies.
- 10:55BSC Foundation Address Purchases $25,000 of SIREN AgainAccording to on-chain analyst Ai Yi's monitoring, the BSC Foundation address has once again purchased $25,000 worth of SIREN at an average price of $0.1544. Currently, the top 5 tokens held by the BSC Foundation are SKYAI: $188,000, TST: $46,000, MUBARAK: $42,000, BROCCOLI(714): $29,000, AIOT / CGPT: $25,000.
- 10:55Bernstein: Three Factors Driving ETH Surge are Stablecoin and Tokenization Boom, Layer 2 Institutionalization, and ETH Short CoveringAccording to The Block, Ethereum has generally underperformed in this cycle, but its price has suddenly surged by 65% in the past 30 days, nearly doubling since its low in April. Bernstein analysts outlined three factors behind this rise: the stablecoin and tokenization boom, Layer 2 institutionalization, and ETH short covering. Analysts stated that this cycle is expanding beyond the store of value use case, refocusing on the underlying blockchain, with Ethereum representing 51% of the total stablecoin supply, becoming a key platform representative of this growth trend. Traditional financial giants like BlackRock and Franklin Templeton are also advancing the adoption of the real-world asset tokenization market, which is currently valued at over $22 billion, with Ethereum once again dominating. Additionally, Ethereum Layer 2 is playing an increasingly important role in institutional crypto infrastructure. The third driver of ETH's recent strong performance is more tactical. Over the past 12 to 18 months, crypto hedge funds have often used ETH as a delta-neutral hedging tool—going long on BTC and SOL while shorting ETH. However, they state that as the market narrative shifts towards institutional adoption of blockchain and stablecoin payments, and uses beyond its store of value function, the rationale for ETH's underperformance is becoming increasingly difficult to justify.
- 10:55ETH Surpasses $2600Market data shows that ETH has surpassed $2600, currently reported at $2600.7, with a 24-hour increase of 4.91%. The market is quite volatile, so please ensure proper risk management.