Blockchain Transactions Rise as Fees Fall Across Major Networks

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Several of the biggest blockchain networks handled more transactions in December even as user fees fell, a sign that recent scaling upgrades are increasing capacity and easing competition for block space, according to data compiled by Nansen.

Data from Nansen showed that Bitcoin, Tron, Ethereum, Arbitrum, Polygon, Avalanche and The Open Network (TON) recorded month-over-month increases in transactions, while fee revenue declined sharply across the same period. 

Ethereum transactions increased by 16% despite a 57% decline in fee revenue. Polygon showed…



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Blockchain Transactions Rise as Fees Fall Across Major Networks


Several of the biggest blockchain networks handled more transactions in December even as user fees fell, a sign that recent scaling upgrades are increasing capacity and easing competition for block space, according to data compiled by Nansen.

Data from Nansen showed that Bitcoin, Tron, Ethereum, Arbitrum, Polygon, Avalanche and The Open Network (TON) recorded month-over-month increases in transactions, while fee revenue declined sharply across the same period. 

Ethereum transactions increased by 16% despite a 57% decline in fee revenue. Polygon showed…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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