Ethereum Network Fees Increase 5 Times
The transaction costs on the Ethereum blockchain have recently surged, reaching $3.98 per transaction. This is nearly five times the cost observed in early September when fees dropped to $0.85. The rising transaction prices on the second-largest cryptocurrency network have accelerated the token burn process. Therefore, if 80.27 ETH was burned on September 1, this number will increase to 1360 ETH by September 21.
In terms of gas consumption, the leader is the decentralized exchange Uniswap, followed by transactions involving the transfer of crypto assets. The list of the most active participants also includes trading bots Maestro and Banana Gun. The increase in fees and the intensity of token burns have not positively impacted network activity. Since the beginning of this month, the average number of active addresses has decreased by 14%.
Expected TON Network Load
The Open Network (TON) development team announced that due to the Hamster Kombat airdrop, blockchain load will increase from September 26 to 29. Validators have been instructed to closely monitor the health of their devices and maintain ongoing communication with the team to ensure network stability.
Developers claim that the upcoming Hamster Kombat airdrop will involve 131 million participants, making it the largest TGE (Token Generation Event) in cryptocurrency history. They will also implement a new technology called Mintless Jettons for token distribution, which will make the process more efficient and reduce network fees to below $1 per transaction.
Tron Network Incentive Program for Meme Token Creators
TRON blockchain founder Justin Sun announced that projects successfully launching meme tokens on the SunPump platform will receive a reward of 888 TRX (approximately $135.6). This reward will be given to token developers whose bonding curve reaches 100% during the event.
The 888 TRX bonus will be transferred to the winners' wallets within 14 working days after the event concludes. The end date of the event is planned to be announced through the platform's official channels.
TVL Base Exceeds $2 Billion
The total locked value (TVL) of the Base network has surpassed $2 billion for the first time. The network, supported by Coinbase, currently ranks second in value among L2 solutions and sixth overall among all blockchains. Since the beginning of this year, Base's TVL has increased from $430 million to $2 billion, a growth of 370%. The largest contributor to this growth is the decentralized exchange Aerodrome, with a locked value exceeding $1 billion, followed by Uniswap, with a locked value of $221 million. While Arbitrum remains the leader in TVL among L2 solutions, Base has surpassed its competitors in both trading and active addresses.
Cardano Founder Calls Ethereum a "Dictatorship"
Cardano founder Charles Hoskinson stated that Ethereum's governance model heavily relies on network co-founder Vitalik Buterin, emphasizing that Ethereum could remain simple like Bitcoin or appoint a "king" to lead.
Hoskinson explained that Cardano is attempting to address the "governance trilemma" of efficiency, effectiveness, and integrity through the Intersect organization, which represents delegated authority and membership-based principles. This structure allows governance issues to be decided through member voting. Hoskinson believes that having these three components can help avoid "the anarchy of Bitcoin or the dictatorship of Ethereum."
Regarding Buterin's role, Hoskinson pointed out his key position in Ethereum's development. He claimed that Buterin is the only one capable of uniting the community, and his absence would raise questions about the implementation of the next major update.
Binance Denies Data Breach and Sale Rumors
An advertisement appeared on dark web forums selling data allegedly belonging to 12.8 million users of the Binance cryptocurrency exchange. According to the information, the leaked data includes last names, first names, email addresses, phone numbers, birth dates, physical addresses, and postal codes, with the incident occurring in August 2024.
The hacker is selling all or part of the data and encouraging interested buyers to contact him via Telegram. However, a representative from Binance denied the news, stating that the personal data of platform users has not been leaked.