Top Stories
▌ ETH Network Fees Exceed $15 Million in 24 Hours
According to Cryptofees.info data, Ethereum network fees reached $15,251,640 over the past 24 hours. Other platforms recorded the following fee revenues:
- Uniswap: $2,365,679
- BSC (Binance Smart Chain): $609,545
- GMX: $375,651
- SushiSwap: $257,417
- AAVE: $249,861
▌ Bitcoin Miners' Cumulative Revenue Surpasses $50 Billion with 37% Profit Margin
Glassnode reports that Bitcoin miners have generated $50.2 billion in total revenue since the network's inception, with an estimated cumulative net profit of $13.6 billion—resulting in a 37% profit margin.
▌ Ethereum Fees Spike 153% Post-Shapella Upgrade
Since the April 12 Shapella upgrade, Ethereum’s average transaction fee surged from $4.65 to $11.80 per transfer—a 153% increase. Layer-2 solutions also saw significant activity:
- Arbitrum: Processes 1.1M–1.5M daily transactions (~$0.368 per tx)
- Optimism: Handles 240K–550K daily transactions (~$0.682 per tx)
Market Update
As of press time (via CoinMarketCap):
- BTC: $28,714.62 (+2.65%)
- ETH: $1,876.39 (+2.91%)
- BNB: $322.50 (-1.74%)
- XRP: $0.4656 (+0.64%)
- DOGE: $0.07893 (+0.50%)
- ADA: $0.3919 (+1.89%)
- SOL: $22.26 (+2.02%)
Regulatory Developments
▌ Binance and Circle Submit Feedback on UK Crypto Framework
Binance emphasized balancing consumer protection with innovation, while Circle urged transparent registration processes and clarified distinctions between crypto assets and payment-stablecoin activities.
Blockchain Adoption
▌ Sports Illustrated Launches Polygon-Based NFT Ticketing
The U.S. sports publisher introduced NFT tickets with collectible features (e.g., highlights, exclusive offers) via Polygon’s blockchain.
Crypto Sector Highlights
▌ NFT Market Sees 77,375 Profitable Wallets in 30 Days
Per NFT Go, the current market sentiment index stands at 24 (“Cool”), with 77,375 profitable addresses versus 415,377 losing ones.
▌ CMCC Global Launches $100M Fund for Blockchain Startups
The VC firm targets Series A/B startups in Hong Kong and beyond, with backing from investors like Cameron and Tyler Winklevoss.
▌ LTC-20 Experimental Standard Proposed
Litecoin community members drafted an LTC-20 token standard (inspired by BRC-20), with test tokens already live.
▌ Curve’s crvUSD Stablecoin Nears Mainnet Launch
Deployment scripts were published on GitHub, and a testnet version is live on Sepolia. The overcollateralized stablecoin mirrors MakerDAO’s DAI design.
Economic Outlook
▌ Fed Rate Hike Probability Drops to 80% Amid Banking Sector Turmoil
Regional bank stocks plummeted (some down 30%), pushing market expectations for a June rate hike below zero.
FAQ Section
Q: Why did Ethereum fees rise after Shapella?
A: Increased on-chain activity from unstaking ETH and higher demand for block space drove fee spikes.
Q: How does LTC-20 differ from BRC-20?
A: It’s an experimental adaptation for Litecoin, enabling token issuance similar to Bitcoin’s BRC-20 standard.
Q: Is crvUSD live on Ethereum mainnet?
A: Not yet—it’s currently in testing on Sepolia while developers finalize audits.
👉 Learn how Layer-2 solutions reduce Ethereum fees
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research.