Solana’s surging fees are correlated with growing trading activity on the network’s leading decentralized exchange, Raydium.
Ethereum 2.0 news
Ethereum blob fees briefly surged to a price of $4.52 spurred by a frenzy of Scroll airdrop claims.
Some top LSTs have previously seen price deviations of up to 77% from Ether’s price due to mass sell-offs paired with liquidations on leveraged lending protocols.
Trump’s munch-awaited token launch recorded disappointing sales numbers, while investors are becoming concerned about Ethereum block builder centralization.
Users must first mint a non-fungible token on the Base layer-2 network to redeem the NFT for the upcoming crypto-native device.
Some analysts don’t see this as a centralization concern due to the Ethereum network’s underlying builder-proposer architecture.
“Solana is the biggest slap in the face” for Ether maximalists due to its monolithic scalability approach, according to the analyst.
Some of the “key goals” of The Surge are to achieve over 100,000 TPS across Ethereum and its layer 2s and to increase interoperability, says Vitalik Buterin.
Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.