Chain News Daily Official TheBitTimes.com

In 2024, blockchain networks saw substantial income from transaction fees, with Ethereum leading the way, followed by Tron and Bitcoin. The combined earnings from transaction fees on both Layer 1 and Layer 2 blockchains exceeded $6.89 billion, with Ethereum significantly ahead, with $2.48 billion in gas fee revenue alone. Ethereum’s fee income experienced variability throughout the year, with monthly earnings swinging between $62.82 million and $606.77 million. This positive outlook prompts investors to search for affordable tokens, particularly the best cheap cryptos to buy now under 1 dollar . 6 Best Cheap Cryptos to Buy Now Under 1 Dollar  Solana has made significant strides in decentralized finance (DeFi), illustrating its ability to improve network operations and broaden its ecosystem. The World Network has celebrated a key achievement by verifying 10 million users, indicating substantial progress in its expansion. StarkNet (STRK) is trading at $0.3718, up by 4.28% in...

Although STRK has not officially launched, the Starknet community showed overwhelming support for an upgrade aiming to introduce the native crypto as a gas token. Starknet saw 99.8% of its participating delegates vote to implement Alpha version 0.13.0 on its mainnet, as no member of the Starknet Governance Committee opposed the proposal. The update aims to enable a dual token system allowing Ethereum Layer-2 (L2) network users to settle gas fees in either Ether (ETH) or STRK.  Following the landslide outcome, the L2 protocol will activate v.13 on Jan. 10. However, users will not immediately be able to pay for transaction s using STRK since the native token remains unreleased.  The dual fee structure is only one-half of Starkent’s proposed update. Alpha v.13 will also slash gas fees by up to 50% and optimize network performance through technological improvements.  You might also like: New cryptos to watch in 2024: what crypto narratives could explode Starknet uses ro...