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Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity

Post author:MiamiCrypto
Post published:September 4, 2024
Post category:Bitcoin Blockchain blockchain fees blockchain market activity blockchain scalability Coin Metrics Ethereum high-throughput networks L1 Layer-1 blockchains Solana token performance

Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin…

Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year

Post author:MiamiCrypto
Post published:August 3, 2024
Post category:Bitcoin Mining blockchain fees crypto earnings cryptocurrency market Foundry USA hashprice drop Mining mining industry challenges mining profitability revenue decline

In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of…