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- 2024-04-16
2024-04-16
Fernando Fierro
April 16, 2024
Howdy folks,
Solana rolled out Mainnet v1.17.31, aiming to tackle those pesky congestion issues once and for all. 👀
This update, which improves how transaction packets are handled, has boosted SOL prices by 9%.
🔎 But here's the catch: its success largely depends on validators updating, and critics argue that Solana may be compromising decentralization and security.
In other news:
📉😌 Ethereum's got something to be happy about, with transaction fees hitting a 2024 low thanks to a shift in activity towards networks like Solana and Base.
On April 14, fees dipped to just 12.5 gwei. This drop comes amid a memecoin frenzy and significant transaction volumes moving to Layer 2 chains, which also saw reduced fees.
🕵️♂️🤔 On a more cautionary note, watch out on Ethereum's Layer 2 chains, where rugpull scams are on the rise.
Crypto sleuth ZachXBT is ringing alarm bells over projects like Glori Finance and ZebraDAO, which might be traps set by serial scammers.
He's shared some tips on spotting these frauds, emphasizing the importance of due diligence before diving into new crypto ventures.
📊🌍 Lastly, the geopolitical drama between Iran and Israel shook crypto markets, causing a sharp sell-off.
While markets have somewhat recovered, Bitcoin's dominance slipped unexpectedly, raising questions about whether we're nearing an "altseason."
Yet, data suggest we're still in a Bitcoin-centric phase, despite altcoins like WIF, FET, and AR showing strong gains recently.
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