Market Wrap: Bitcoin Hits $11.8K; Ethereum Gas at All-Time High
Many bitcoin stakeholders expect a weak market this week to cap August while DeFi continues to stretch Ethereum’s network.
Version 2 of the DeFi site also has an "asset manager" where idle funds earn yield.
Miners are incentivized to keep Ethereum gas fees high, and in doing so limit one of the network's principal use cases.
The price of gas continues to rise on Ethereum, squeezing smaller retail traders using DEXs.
In 15 charts, the CoinDesk Monthly Review for August details BTC's performance, its relationship to fiat currencies and Ethereum’s growing congestion problem.
Digital asset trust company BitGo is in the process of “reaching out” to community partners to build an Ethereum sidechain because of rising fees, according to CTO Ben Chan.