The solana blockchain has garnered an increased amount of daily transactions totalling out to more than 40 million, exponentially outperforming Ethereum’s comparatively smaller 1 million daily transactions in April and June, 2022.
It seems that Bitcoin began gaining on August 29th, at the beginning of the Wall Street Open. Nearing 20,400 on the day, BTC is now regaining some last ground, sparking debate over a short squeeze soon to come.
Expected to reduce the network’s energy consumption by 99.5%, the Merge is one of the most highly anticipated upgrades. However, news from the Ethereum Foundation says that the upgrade will not reduce transaction costs.
US equities is faced with major resistance, bringing with it its own problems for crypto as the two biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have lost $24,000 and $2,000 on the day respectively.