ChainCatcher news, according to Cointelegraph, Ripple released its Q2 XRP market report showing that on-chain transaction activity on the XRP Ledger (XRPL) decreased by 65.6% quarter-over-quarter, totaling approximately 86.38 million transactions, compared to 251.39 million transactions in Q1 2024. While transaction activity decreased, the cost per transaction surged by 168% to 0.00394 XRP per transaction. Ripple explained that this cost increases with the network load to protect the P2P network from spam. The number of new wallets was 100,746, a decrease of 45.8% quarter-over-quarter.

ChainCatcher news, Ordinals & Runes founder Casey posted on the x platform that so far UNCOMMON•GOODS has minted 14,785,627 pieces, and it will take another 3.7 years for the price to potentially rise above the transaction cost. In fact, it is a low time preference junk coin.It is reported that UNCOMMON•GOODS is the 0th genesis rune that Casey participated in hard coding.

ChainCatcher message, Ripple released its Q1 XRP market report showing that the number of transactions on the XRP Ledger (XRPL) more than doubled in the first quarter of 2024 compared to the previous quarter, while the average transaction cost was nearly halved. On-chain transaction activity on the XRPL grew by 108% in Q1 2024, with the number of transactions totaling approximately 251.39 million, compared to 121.03 million transactions in Q4 2023. Additionally, the average cost per transaction decreased by 45% to approximately $0.000856.

ChainCatcher news, according to the official blog, the DEX aggregator 1inch announced improvements to the 1inch exchange and limit order features. With these upgrades, 1inch users and integrators can enjoy more efficient exchanges and limit orders than ever before, saving up to 16% on transaction costs.

ChainCatcher news, according to CoinDesk, StarkWare is building a new cryptographic prover called Stwo. The team stated that the new prover will bring faster verification efficiency, thereby reducing latency and transaction costs. Any user can run the prover, and its codebase will be available for anyone interested in trying or implementing STARK-based systems.

ChainCatcher news, according to The Block, the Robinhood wallet has integrated Arbitrum, allowing users to swap tokens using Arbitrum to reduce transaction costs and speed up transaction times.It is reported that the Robinhood wallet was launched a year ago and is currently only available for iOS, while the Android version is in the testing phase and has opened a public waiting list for registration. Robinhood Crypto General Manager Johann Kerbrat stated that the Android version is expected to be officially launched in the coming months.

ChainCatcher news, Starknet officials announced that Starknet v0.13.1 is coming soon, which will significantly reduce transaction fees. EIP-4844 is ready, and since on-chain data is a major component of Starknet transactions, the reduction in on-chain data costs is equivalent to a reduction in the main costs of Starknet transactions. Additionally, this version has improvements in optimization and stability.

ChainCatcher news, the public chain Injective announced that today it has launched one of the largest technological breakthroughs to date—Gas Compression, making transaction costs on Injective the lowest in the entire crypto space.Injective stated that essentially, any transaction now, whether for staking, trading on dApps, lending, minting NFTs, or voting on governance proposals, will have almost zero cost. This not only brings a new era of innovation to Injective but also makes Injective an ideal entry point for users.

ChainCatcher message, Starknet v0.13 has been launched on the mainnet.The v0.13.0 upgrade significantly reduces costs through more efficient transactions and is responsible for the technical preparations for paying fees with STRK, although STRK cannot be used as Gas at this time.

ChainCatcher news, Blur founder Pacman posted on social media that the two biggest opportunities we see in NFTs are reducing transaction costs and institutional-grade NFT perpetual rights. NFT transaction gas fees have cost hundreds of millions of dollars, and perpetual contract trading volume is six times that of spot trading volume, which requires L2.At the same time, the Blur protocol has another issue. There is $100 million in TVL in the Blur pool that is not earning returns. This means that Blur users are losing money due to depreciation. Upon further investigation, Pacman realized that this problem exists in almost every on-chain dapp. Thus, he conducted an in-depth study of Layer 2 and realized there is a way to immediately address all these issues. Providing native yields for dapps and users through a new L2 will allow the Blur ecosystem to avoid asset depreciation, reduce NFT transaction costs, and launch NFT perpetual rights. To this end, Pacman founded a new Layer 2—Blast.Additionally, Pacman stated that he has raised another $40 million to contribute to the Blur ecosystem. These funds will be used to build L2 applications for NFTs and continue to promote NFT development on ETH L1. Pacman stated that he will personally oversee the development of both the Blur and Blast projects.

According to ChainCatcher news and data from The Block, Ethereum's transaction costs have reached their lowest point in the past two years, with the 7-day average transaction fee dropping to $1.64. Uniswap, OpenSea, and ETH transfers are the smart contracts with the highest Gas consumption over the past month. The total number of transactions and active addresses on Ethereum have increased by approximately 20% and 60%, respectively, within the same two-year timeframe.In addition, the number of users and transactions on L2 networks continues to show a positive upward trend. (The Block)