Ethereum Layer 1 activity has surged to 2.2 million transactions per day, with average fees hovering around $0.17. The spike highlights growing on-chain demand amid efforts to keep costs affordable.
South Korean crypto exchange Upbit has issued a caution advisory on Layer-1 token Flow after a sharp price drop, citing heightened security concerns and warning investors of increased risk.
Arthur Hayes warned most Layer-1 blockchains outside Ethereum and Solana are ‘headed to zero,’ predicting market consolidation to favor a few resilient networks and wipe out weaker projects.