Tag: Surged

OnlyFans’ parent company bought $20M of Ethereum as revenue surged

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The parent company of subscription platform OnlyFans has become the latest firm to reveal its cryptocurrency holdings, showing it invested nearly $20 million into Ether (ETH) in 2022. According to an Aug. 24 financial filing to the UK corporate registry, Fenix International reported that it had purchased some $19.9 million worth of ETH between 2021 and 2022. However, due to an overall decline in crypto asset prices over the course of last year, the total value of its Ether decreased by $8.5 million by the end of November 2022.  As…

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Optimism network transactions surged 67% following Bedrock upgrade — Nansen

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Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over 550,000 by the middle of June. Since Optimism’s Bedrock upgrade on June 6 Its daily transactions have increased by about 67% to ~500k And gas fees are reduced by about 50% to ~$50k pic.twitter.com/9ACIMMFHbl — Nansen (@nansen_ai) June 26, 2023 Optimism, a layer 2 of…

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