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Mandy Williams



Articles by Mandy Williams

Less Than 17% Addresses Control Over 80% of NFTs on Ethereum: Report

20 hours ago

A new report has revealed that a significant portion of all Ethereum-based non-fungible tokens (NFTs) is in the possession of a small number of addresses on the network.
The report, which was published on October 21 by the open-source blockchain analytics firm, Moonstream, focused solely on NFTs with the ERC 721 token standard. It was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April 1 and September 25, 2021.
Inequality in NFT Distribution on Ethereum
Moonstream’s document shows that about 16.71% of all addresses conducting NFT transactions on the Ethereum blockchain hold a whopping 80.98% of the NFTs.
It also noted that the 16.71% represents the several NFT platforms and exchanges that deal with thousands of these digital tokens at

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Popular F1 Team McLaren Racing Launches NFTs Platform on Tezos

3 days ago

British motor racing team, McLaren Racing, has recently announced the launch of its non-fungible tokens (NFTs) platform, where fans and digital art collectors can purchase its digital collectibles. The new endeavor will be built on the popular Tezos blockchain.
McLaren Joins the NFT Craze
According to a press release shared with CryptoPotato, the NFT platform, which is dubbed “McLaren Racing Collective,” will serve as a way for the team’s fans and other enthusiasts “to own a piece” of the motor racing giant.
The first NFT drop will feature different digital parts of the MCL35M 2021 Formula 1 race car built from the official McLaren Racing CAD, which fans and collectors can purchase.
Commenting on the launch, Lindsey Eckhouse, Director, Licensing, eCommerce and eSports,

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Crypto Asset Manager Bitwise Launches Polygon (MATIC) Fund

3 days ago

San Francisco-based digital asset management firm – Bitwise Asset Management – has announced the launch of its Bitwise Polygon (MATIC) Fund.
According to an official press release shared with CryptoPotato, the Fund will serve as a professionally managed investment vehicle that will give Bitwise’s wealthy clients access to MATIC, the Polygon network native cryptocurrency.
The firm noted that only accredited Bitwise clients can qualify for private placement subscriptions to the new product, with a minimum investment of $10,000 and weekly redemptions.
A Rising Star
Commenting on the development, Matt Hougan, the Chief Investment Officer at Bitwise, said the firm chose to launch a Fund for MATIC because of Polygon’s breakthrough in solving Ethereum’s inability to

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Shiba Inu’s Wallet Addresses Surge by Over 9% in Two Weeks

4 days ago

The popular meme-inspired coin and self-proclaimed DOGE killer, Shiba Inu (SHIB), has continued to gain popularity, recording more than 9% growth in the number of holders within the last two weeks.
SHIB Addresses Surpass 738k
Amid an impressive price performance since October 2nd, retail demand for SHIB remains at large as the meme coin has managed to accumulate more than 60,000 new holders, representing about 9.11% increase in a little over two weeks.
There are currently over 742,000 unique addresses holding the SHIB token, which is more than double the number of unique holders the coin had earlier in May when it was trading at its peak and hit an all-time high (ATH).
Price Slides Do Not Deter the SHIB Army
The meme coin has a strong retail user base popularly known as

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Circle’s USDC Launches on Hedera Hashgraph

5 days ago

Popular stablecoin issuer Circle announced that it will be extending support for its USD Coin (USDC) on the Hedera blockchain, making it the first such token to launch on the network.
USDC Now Supported on Hedera
Announcing the move in a press release today, the firm said users can now deposit, withdraw, and transfer USDC based on the Hedera network within their Circle accounts.
Users can also tap Hedera for various USDC payments and settlements, the company noted.
Commenting on the development, Jeremy Allaire, CEO and co-founder of Circle, said the launch of the USDC stablecoin on the Hedera network will make it possible for crypto enthusiasts to gain access to opportunities associated with dollar digital currencies.
“With Hedera, enterprises and financial institutions

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Australian Pension Fund with $69B in AUM Eyes Crypto Investment

8 days ago

As the global interest in cryptocurrencies continues to gain momentum, Queensland Investment Corporation (QIC), Australia’s fifth-largest pension funds manager with A$92.4 billion ($69bn) of assets under management (AUM), has disclosed that it may delve into such investments in the future.
Stuart Simmons, QIC’s head of currencies, told the Financial Times in an interview today.
Regulatory Uncertainty Scares Australian “Super”
Based on the massive growth of the crypto market in recent times, several institutional and family offices had taken early positions by investing in the asset class.
However, Australia’s so-called super funds that manage the retirement savings of millions of people have been skeptical about cryptocurrency investments.
Simmons noted that this

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Binance Will Support Polkadot’s Upcoming Parachain Auction in November

8 days ago

Binance, the world’s biggest cryptocurrency exchange, has continued to express its support for the ecosystem development of the sharded heterogeneous multichain blockchain network, Polkadot.
In an official announcement on Friday, the company revealed that it will start the Polkadot Parachain Slot Auction which is scheduled to commence in November.
“A separate announcement will be posted with more details. Please stay tuned for the upcoming initiatives!,” the exchange said.
What are Parachains?
Parachains are distinct layer 1 blockchains that can run in parallel and send data to each other. Their presence in Polkadot will usher in a multichain architecture of different blockchain networks in the Polkadot ecosystem.
The protocol intends to enable several other layer 1

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President Putin: Cryptocurrencies Can One Day Serve as Unit of Account

9 days ago

The president of the Russian Federation, Vladimir Putin, has recently aired his view on cryptocurrencies, admitting that they can serve as a medium of exchange and cross-border payments.
In an interview with CNBC, which was published in full on the Kremlin website, he noted that bitcoin and other cryptocurrencies could one day be used as a unit of account.
Crypto Still ‘Premature’ for Oil Trades
While Putin acknowledged the potential of cryptocurrencies in the payments sector, the Russian president noted that due to the extremely volatile nature of the asset class, it is “still too early” to definitely say that they would replace the US dollar when settling oil trades, for example.
“It’s too early to talk about this, because cryptocurrency, of course, can be a unit of

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SEBA Bank Rolls Out Yield Earning Program For Holders of Cardano, Tezos, Polkadot

10 days ago

SEBA Bank, a fully regulated Switzerland-based financial institution that offers several crypto services to its clients, announced that customers will now be able to earn yield on their digital asset holdings.
SEBA Launches Yield Earning
According to an official press release, SEBA Bank has launched a new institutional-grade solution dubbed SEBA Earn, which will allow crypto holders to earn yield on their digital currencies.
The bank noted that the sharp growth witnessed within the DeFi space, with over $80 billion locked in across different protocols, had whetted the appetite of numerous institutional clients for various earning services, including staking, centralized lending, and borrowing.
The SEBA Earn program will provide both institutional and retail investors with

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Wanchain Integrates Polkadot Into Its Cross-Chain Infrastructure

11 days ago

Decentralized blockchain interoperability solution, Wanchain, has recently announced the integration of its non-custodial cross-chain infrastructure with the sharded heterogeneous multi-chain blockchain network, Polkadot.
Wanchain Connects Polkadot to Other Networks
According to a press release shared with CryptoPotato, Wanchain has deployed several direct bridges connecting Polkadot to other blockchain protocols, including Ethereum, Moonriver, Wanchain, and Avalanche.
The integration will allow project developers on supported networks to build various decentralized applications (dApps) using Polkadot’s native token, DOT.
Wanchain’s solution seeks to eliminate the hassles that developers face when trying to interact with tokens created on other blockchain networks.
Its

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Axie Infinity (AXS) Binance Launchpad Lottery Ticket Sold at $200 Now Worth $250,000 

14 days ago

The tremendous growth of Axie Infinity and its native token – AXS – in the past year has paid off massively for winners of the AXS Binance launchpad lottery tickets who held their token.
$200 Turned More Than $250,000
According to current market prices, the 2,000 Axie Infinity tokens allocated to each AXS Binance Launchpad lottery ticket that cost investors $200 at the time are now worth more than $250,000, representing over 124,900% growth in the space of roughly one year.
Recall that in October 2020, Binance announced that the Axie Infinity public sale will be held on its Launchpad. The popular play-to-earn non-fungible token (NFT) gaming project, Axie Infinity, made its debut on the Launchpad as the 17th project to go live on the platform.
The AXS token sale was

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Hashed Rolls out Startup Studio to Explore Metaverse and NFT Space

17 days ago

South Korea-based blockchain-focused investment firm Hashed has announced the launch of its new startup studio to support and research new use cases of blockchain technology in the rapidly growing NFT space.
Exploring the Full Potential of Blockchain
In a press release today, Hashed noted that the studio, named UNOPND, will foster various creative projects with the primary goal of exploring and experimenting with new ways to apply blockchain technology to the online gaming and NFT sectors.
UNOPND will introduce to the industry not only ideas that interest crypto enthusiasts but also those that appeal to mainstream users who may not be fully involved in the crypto space.
Hashed noted that while the concept of the metaverse and provable ownership of digital assets might

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Institutional Interest in BTC Bounces Back With Second Consecutive Week of Positive Inflows

17 days ago

With the last quarter of the year underway, bitcoin has reclaimed its dominance in the amount of interest shown by institutional investors as it leads the pack in weekly inflows.
According to the latest Digital Asset Fund Flows Weekly report by CoinShares, institutional investors have continued to increase their exposure to digital currencies. The asset class saw a total of $90 million inflows in the last week, representing the seventh consecutive week of positive inflows.
More than 75% or $68.7 million of the total inflows went into bitcoin investment products between Sept. 27 and Oct. 1, making it the second consecutive week the largest cryptocurrency has dominated.
Growing Confidence in Bitcoin
The renewed confidence comes shortly after bitcoin suffered the longest run

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Axie Infinity to Raise $150M in Funding Round Led by Andreessen Horowitz

18 days ago

Popular NFT-based play-to-earn online game, Axie Infinity, will be raising approximately $150 million in a Series B funding round at a nearly $3 billion valuation.
Andreessen Horowitz to Invest in Axie Infinity
According to a recent report, which cited two unidentified sources “with direct knowledge of the deal,” the funding round will be led by popular American venture capital firm Andreessen Horowitz.
Axie Infinity is a monster-battling game that uses NFTs to reward its players, and this new deal follows a major boom in sales on the platform. The blockchain-enabled game has garnered a lot of attention in recent months, with the Axie Infinity Shards (AXS) token hitting highs after highs.
As per the report, Axie Infinity is well on its way to generating approximately $1

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After Avalanche and Polygon Binance-Backed OpenOcean Integrates Fantom

19 days ago

As part of its ecosystem expansion, a leading DeFi and CeFi aggregator OpenOcean announced the integration of Fantom, an open-source smart contract platform for decentralized applications (dApps), to offer users better trading opportunities.
OpenOcean Integrates Fantom
Per the announcement, the initiative will also see OpenOcean connect with other Fantom-based decentralized exchanges, including SushiSwap, SpiritSwap, SpookySwap, and Curve.
Like all other aggregations, the move to add Fantom to OpenOcean’s growing list of networks was driven by users’ demand and their inquiries into Fantom-based cryptocurrencies, the project said.
While commending the OpenOcean community for throwing their weight in support of Fantom, OpenOcean’s co-founder, Cindy Ng, said:
“Fantom is an

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BENQI Rolls Out $4M Second Phase of Avalanche Rush Program

19 days ago

BENQI, an algorithmic liquidity market protocol on the Avalanche blockchain network, has announced Monday the launch of a $4 million second phase of its ongoing Avalanche Rush incentive program. 
According to a press release shared with CryptoPotato, the second phase of the initiative will last for 45 days.
$180M Incentive Program on Avalanche
The Avalanche Rush is a $180 million liquidity mining incentive program that seeks to onboard some of the best DeFi protocols to the AVAX network. It aims to empower both new and existing DeFi traders with several easy-to-use, fast, and cost-effective applications. 
The Avalanche Rush incentive is set to run for months and has just started with top DeFi projects like Curve, Aave, and BENQI.
During the first phase of BENQI’s Rush

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TikTok to Begin Sale of First NFT Collection on Ethereum Layer 2 Solution

22 days ago

Popular social media giant TikTok has announced that it will be venturing into the non-fungible token (NFT) space by leveraging content from some of its top creators.
The short video-sharing platform, which recently crossed 1 billion global users, said its NFT collection, dubbed TikTop Top Moments, will feature content from six “culturally” important videos from creators. Some of those names included Lil Nas X, Rudy Willingham, Bella Poarch, Curtis Roach, Brittany Broski, FN Meka, Jess Marciante, and Gary Vaynerchuk.
Per the announcement, the featured artists will partner with top NFT creators, including RTFKT, Grimes, COIN ARTIST, x0r, among others, to create limited edition NFTs that celebrate the videos.
“As the creator economy continues to grow, we’re continually

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Raiinmaker and Cosmic Wire to Launch NFTs Featuring Banksy’s Controversial Wall Mural

22 days ago

Raiinmaker, a blockchain-based fan engagement platform, has recently partnered with the multimedia firm Cosmic Wire to roll out six special non-fungible tokens (NFTs) to support several climate charities.
According to a press release shared with CryptoPotato today, both firms will be launching the NFT collection based on the artwork of the mysterious legendary street artist Banksy.
Supporting Climate Charities
The digital arts will represent the iconic remnants of Banksy’s original Spy Boot wall mural, with the entire income generated from royalties that will be embedded in the NFTs going to charity.
The partners have decided to support three charity organizations that are actively fighting climate change, including Laudato Tree, the Coalition for Rainforest Nations

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SEC Chair Reiterates Support for Bitcoin Futures ETFs, But Concerned About Investors’ Protection

23 days ago

The United States Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has once again renewed his support for the approval of Bitcoin Exchange-traded Funds (ETFs) in the country.
Gensler told the Financial Times’ Future of Asset Management North America conference that his main focus is on Bitcoin ETFs that invest in futures contracts and trade on the Chicago Mercantile Exchange under the 1940 Investment Company Act.
He disclosed that the Investment Act of 1940 offers significant protection for investors of mutual funds and ETFs, adding that those venturing into Bitcoin ETFs also deserve similar protection, especially against fraud and market manipulation.
Bitcoin ETF Approval Around the Corner
The SEC rejected numerous submitted Bitcoin ETF applications during

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Celer Network’s cBridge Transaction Volume Doubles to $200M Within a Week

26 days ago

Layer 2 scaling solution, Celer Network, has recorded an impressive milestone, as trading volume on its recently-launched cBridge has surpassed the $200 million mark, a week after reaching $100 million.
Celer’s cBridge Volume Hits $217M
According to data on the Celer’s analytics webpage, the cBridge currently has a total trade volume of more than $217 million and a transaction count of 33,143. Over the last 24 hours, nearly 2,000 transactions were made on the bridge worth $8.2 million.
The project announced the feat on Twitter over the weekend, informing that the Celer community can expect more, considering the multi-chain bridge was released just two months ago.
As CryptoPotato reported, Celer rolled out the first version of its cross-chain network dubbed cBridge v1.0 on

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Intensified Crypto Ban Forces Huobi to Stop Accepting New Users From Mainland China

27 days ago

The Chinese government is not holding back on its mission to stop all crypto activity in the country, and has continued to widen its crackdown against bitcoin and cryptocurrencies.
Huobi Blocks New Chinese Users
The intensified attacks have now forced Huobi, one of the major exchanges in the country, to suspend new user registration coming from China.
Recall that crypto trading and mining crackdowns escalated in China on Friday after the nation’s central bank issued another update, reiterating not for the first time that digital assets are banned and exchange operations will also be prohibited. As usual, the crypto market took a hit, and bitcoin shredded a few thousand dollars within an hour.
Complying with China’s Ban
To comply with China’s latest regulatory measures

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Cardano Partners With Chainlink for DeFi Smart Contracts Development

27 days ago

InputOutput (IOKH), the technology company behind the Cardano open-source blockchain project, announced in the ongoing Cardano Summit 2021 that it has partnered with decentralized blockchain oracle network Chainlink.
Tremendous Respect for Cardano
As per the announcement, the partnership will see Cardano integrate Chainlink’s oracles to support developers as they prepare to start building smart contracts for decentralized finance (DeFi) applications.
Recall that Cardano became compatible with smart contracts for the first time after the Alonzo network upgrade, which went live on September 12, 2021.
Commenting on the partnership, Niki Ariyasinghe, head of blockchain partnerships at Chainlink Labs, noted that the oracle network has a “tremendous amount of respect for the

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China’s Long History of Bitcoin FUD: Timeline

27 days ago

Right from the very first year bitcoin came into existence, the Chinese government has gone after the primary cryptocurrency, hammering it with bans after bans while citing countless risks supposedly associated with it.
In over a decade, the Republic of China has also managed to increase its FUD (short for fear, uncertainty, and doubt) in the industry, and each time, crypto had seen a massive hit. Just last week, bitcoin’s price fell by more than 5% within hours, owing to another regulatory reiteration from the Chinese authorities to ban cryptocurrencies.
Before we dive into the long history of China FUD, there is good and bad news to this story. The bad news is that this kind of Chinese FUD is likely to continue, at least over the next years. However, the good news is

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COTI Charted New ATH Following a Partnership With Cardano’s Stablecoin Hub

29 days ago

COTI, an enterprise-grade fintech platform that empowers organizations to build their payment solutions, recently announced that it will be partnering with Cardano’s stablecoin hub, Ardana.
The collaboration will introduce stablecoin crypto-to-fiat payments aimed at the Cardano community, in addition to consumers and merchants worldwide.
Speaking in a statement, COTI’s CEO, Shahaf Bar-Geffen, said,
“Today, COTI is doing its first steps in Defi over Cardano, which we believe will be huge. We are happy to collaborate with the remarkable team of Ardana to bring new Cardano Native Assets to ADA Pay and scale up our operations.”
Stablecoin Payments on AdaPay
The partnership will see Ardana introduce stablecoin payments to AdaPay, a gateway solution for payments developed by the

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Crypto Trading Now Official in Dubai Following Regulators’ Agreement

September 23, 2021

Dubai World Trade Center Authority (DWTCA) announced recently that it has partnered with the UAE’s Securities and Commodities Authority (SCA) to make cryptocurrency trading, issuance, and regulation completely legal within its jurisdiction – the DWTCA freezone.
DWTCA Makes Crypto Activities Legal
Notably, the agreement was signed by the acting CEO of the SCA Dr. Maryam Al Suwaidi, DWTCA director-general Helal Saeed Al Marri, and an executive at the Dubai Department of Tourism and Commerce Marketing (DTCM).
The development gives DWTCA the authority to issue the necessary approvals and licenses for all crypto-related activities in the city, the announcement reads.
Under this partnership, the SCA will be in charge of regulatory oversight of all digital asset activities

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Philadelphia 76ers Names CryptoCom as Official Jersey Partner, Plans First NFT Launch

September 22, 2021

American professional basketball team Philadelphia 76ers has announced a partnership with the leading cryptocurrency exchange CryptoCom. The initiative will see the popular NBA club launch its non-fungible token (NFT) on the digital asset trading platform.
Philadelphia 76ers Partners CryptoCom
Announcing the partnership in a press release today, 76ers noted that fans interested in obtaining the digital collectibles can log on to the CryptoCom NFT platform to get access.
The team is also planning to launch another set of NFTs in November when it will unveil its new City Edition uniform, a move that commemorates a memorable time in its history, the release added.
Chris Heck, 76ers President of Business Operations, said:
“We are thrilled to launch a long-term partnership with

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IDO Bots Responsible for Solana’s 18-Hour Network Outage, Team Explains

September 21, 2021

The team behind Solana yesterday gave a detailed report on how its validators from all over the world rescued the network from an outage that lasted nearly 18 hours.
IDO Bots Responsible for Solana’s Downtime
According to the report, the network outage was a result of Grape Protocol’s IDO, which launched on the Raydium exchange in the early hours of September 14th.
While trying to manipulate the rules of the IDO, several traders used bots to generate limitless transactions, causing the Solana blockchain to experience a memory overflow.
Since Solana’s mainnet is still in beta, it lacked prioritization of network-critical messaging, which caused it to start forking and slowed down transaction processing.
What the project thought could be fixed in a few minutes lasted for

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$4.5 Billion Allocated to Expand the Hedera Hashgraph Ecosystem

September 19, 2021

The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem.
The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply.
Interestingly, the value of the 10.7 billion HBAR has more than doubled since the Governing Council approved the allocation at a July 14 meeting. The tokens were worth about $2 billion on that date.
DeFi, NFTs, CBDCs and iGaming on Hedera
The Hedera council said it had already designated half of the funds to its recently established independent HBAR Foundation. The autonomous organization would be responsible for the distribution of the

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Over 60 South Korean Crypto Exchanges to Shut Down Next Week

September 17, 2021

South Korean cryptocurrency exchanges that cannot meet up with the Financial Intelligence Unit (FIU) registration exercise are mandated to inform their customers before midnight today that they will be shutting down operations a week before the September 24, 2021 deadline.
The affected trading platforms have been instructed not only to inform their customers that they will be halting operations, but they will also need to provide detailed information about how their users can withdraw their funds.
“Should some or all services need to be closed, (cryptocurrency exchanges) should notify customers of the expected closing date and procedures to withdraw money by at least seven days before the closure,” South Korean Financial Service Commission (FSC) said in a statement

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Over $1B Worth of ETH Burned in the Aftermath of Ethereum’s London Upgrade

September 16, 2021

Following the implementation of the long-anticipated Ethereum’s London hard fork on August 5, 2021, fresh data shows that more than a billion dollars worth of ETH has become unusable through a burn mechanism.
Over 300k ETH Burned
According to Dune Analytics, a total of 303,681.05 Ether, which is worth $1.032 billion at the time of writing, that was originally designed to be rewarded to miners as part of fees, has been burned in less than two months since the last network upgrade.
Many Ethereum users have complained about looming inflation as a result of the high fees miners are receiving for processing transactions on the network, prompting developers to add a burning mechanism.
With the implementation of the London hard fork, the inflation rate of Ethereum is gradually

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