Recent developments in the crypto space highlight key updates across different platforms and technologies. Ethereum blob fees have spiked once again, raising concerns about transaction costs on layer-2 networks. Meanwhile, OKX Exchange continues to enhance its offerings with new staking options and trading pairs, adding value for its users.
The most significant improvement is Plus Wallet, one of the top decentralised crypto wallets. With its cross-chain functionality and mobile-first design, Plus Wallet simplifies cryptocurrency management on the go. This wallet offers an efficient and user-friendly experience, catering to traders and investors of all skill levels.
Ethereum Blob Fees Spike to Four-Month High
On October 22, Ethereum blob fees surged briefly to $4.52, driven by increased activity from users claiming airdrops for the layer-2 network Scroll. This marked the third significant spike in blob fees since Ethereum’s Dencun upgrade in March, which introduced blobs to reduce transaction costs on L2 networks.
Data from Dune Analytics shows this fee hike mirrored earlier price increases tied to L2 activity in March and July. While higher blob fees generate more gas for the network, they also raise the costs of Ethereum L2 transactions, highlighting a scalability issue that Ethereum developers are addressing with future updates.
OKX Exchange Adds Compound v3 to On-Chain Earn
OKX Exchange has recently introduced Compound v3 on Ethereum to its On-chain Earn product, allowing users to deposit USDC and earn on-chain rewards with minimal effort. This update launched on October 21, also offers additional COMP tokens and USDC rewards to eligible participants.
Over the first three weeks, 439.65 COMP tokens and 10,000 USDC will be distributed to users based on deposit proportions. OKX’s On-chain Earn product simplifies staking and DeFi participation, providing direct rewards without subscription limits. Additionally, OKX recently enabled trading for the NEIRO/USDT pair, further expanding its offerings.
Plus Wallet: A Top Decentralised Wallet for Mobile Users
Plus Wallet is considered one of the best decentralised crypto wallets, offering enhanced cross-chain functionality. This feature lets users manage multiple cryptocurrencies, such as Bitcoin, Ethereum, and Solana. Instead of navigating different wallets or platforms, Plus Wallet consolidates assets in one place, simplifying the process for users who value efficiency.
Alongside its cross-chain capabilities, Plus Wallet is designed for accessibility. Whether someone is new to cryptocurrency or a more experienced trader, the wallet’s intuitive interface ensures that managing crypto is simple and hassle-free. The design minimises complexity, making it approachable for beginners while providing advanced tools for experienced users.
Moreover, Plus Wallet’s mobile-first design provides flexibility and convenience. With availability on both iOS and Android, the app enables easy access to assets without requiring a desktop. This design empowers users to manage their cryptocurrencies from anywhere, allowing for a more seamless, on-the-go experience in the digital finance world.
The Bottom Line
As Ethereum developers work to manage rising blob fees, the increased costs on layer-2 networks highlight ongoing challenges in scalability. At the same time, OKX Exchange is enhancing its services, offering users more options for staking and trading.
On the other hand, Plus Wallet continues to gain recognition as the best decentralised crypto wallet, thanks to its cross-chain functionality and mobile-first design.
This wallet offers users a seamless way to manage multiple cryptocurrencies while ensuring easy access on the go, making it a strong choice for anyone seeking better control and flexibility in their crypto experience.
Plus Wallet:
Website: https://pluswallet.app/
Download: https://onelink.to/pluswalletapp
Twitter: https://x.com/pluswalletapp
Instagram: https://www.instagram.com/pluswallet.app/
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