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🚀 Ethereum Miners are raking in Half a Million an Hour from Gas Fees Alone. ⛽

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Hello Geckos, how have you been? Would you look at the Ethereum gas price, it's insane! In fact, it's gotten high enough that Founder and CEO of Binance, CZ has even suggested to increase the withdrawal fee of Ethereum based tokens from the exchange. (Editor: Yikes! No one's gonna like it but you can't call it unfair, right?)   On the topic of Ethereum and DeFi, did you know that the craze has gotten to a point where a fresh-out-the-oven Yield Farming Protocol manages to secure up to $500 Million in Total Value Locked (TVL). Total time taken to reach that number? 4 hours.   Bitcoin isn't just sitting idly by either. It's very own decentralized Layer 2 protocol - colloquially known as "Lightning Network", has just broken another milestone in terms of the total value held in the network - in USD terms. (Editor: Seeing as how absolutely bonkers the gas fees are in Ethereum, perhaps all the defi bros may want to consider a low fee instant-settlement alternative? They even call it "Etleneum" so it sounds familiar.)  Today we talk "pr0n", a different type of crypto-farming, and the DEX revolution.   Read on!

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Mining Reward The reward resulting from contributing computing resources to process transactions. Mining rewards are usually a mix of newly-minted coins and transaction fees. Learn about other Crypto terms here Read more on CoinGecko

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