Will Ethereum's [ETH] low gaming activity have an impact on the overall network?
Read Ethereum’s Price PredictionWax, Hive, and the BNBchain were observed to be the dominant networks in the gaming sector. The number of active gamers on the Ethereum network was negligent compared to the entire space.
Evidently, networks such as BNB and Polygon can use their dominance in the gaming space to their advantage.Well, it would be quite fair to wonder what is causing gamers to stay away from Ethereum. One of the reasons for the same could be the high gas fees which have forced many users and gamers to opt for alternative chains.
However, according to Dune Analytics’ data, it was observed that the overall gas fees on Ethereum were, in fact, less when compared to the previous year’s February month.It’s important to note that the gas fees could be further impacted after the Shanghai Hardfork.at epoch 56832. It will enable holders to withdraw their staked ETH from the beacon chain.Despite the enabling of withdrawals coming to the forefront, the interest in staking ETH declined over the past few weeks.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum [ETH]: Whales swim away as selling pressure risesEthereum whales move away from ETH as MVRV ratio increased. Validators and retail investors continued to support Ethereum. According to a 22 February tweet by Glassnode, large addresses have started selling their Ethereum [ETH]. New data suggested that addresses holding over 1000 ETH reached a one-month low. 📉 Ethereum $ETH Number of Addresses Holding 1k+ […]
Read more »
Ethereum adds support for Euro Coin [EUROC]: All you need to knowCircle rolls out new Euro-based stablecoin as an ERC20 token on Ethereum. Ethereum’s on-chain metrics rose as a result of the announcement. The Ethereum [ETH] network just added support for another stablecoin. The network has so far supported multiple stablecoins, but most are pegged on the U.S. dollar. This time the latest addition is Euro […]
Read more »
Avalanche: NFT gaming gets another boost, but AVAX faces key battleAvalanche’s NFT growth trajectory had been erratic in the last few days. AVAX increased by over 16% over the last week, faced key resistance level at press time. On 21 February, Avalanche [AVAX] announced its partnership with the Indian game streaming platform Loco, to launch an NFT marketplace for Esports fans. Titled Loco Legends, the […]
Read more »
Knights of Columbus donate $1,000 to Ronald McDonald HouseThe funds were raised by participating and volunteering with Delta Gaming
Read more »
Miley, Kim, Kylie Jenner top list of most-searched nepo babiesThe team at online gaming site 6takarakuji determined everyone’s favourite nepo babies by comparing Google search results.
Read more »
Miley, Kim, Kylie Jenner top list of most-searched nepo babiesThe team at online gaming site 6takarakuji determined everyone’s favourite nepo babies by comparing Google search results.
Read more »