⛔ Stop guessing ⛔ Use our free stock screener to find new opportunities fast Try Free Screener

Coinbase Director Recalls Epic Mega Transaction That Dominated 2023

Published 2024-01-03, 12:43 p/m
© Reuters.  Coinbase Director Recalls Epic Mega Transaction That Dominated 2023
COIN
-

U.Today - , director of Coinbase (NASDAQ:COIN), recounts some remarkable incidents from the year 2023. In a thread of tweets, the Coinbase director recaps some of 2023's high points, including details on the largest transaction of the year.

According to Grogan, the largest transaction of 2023 was Binance's transfer of $3.9 billion from its cold storage for less than $0.01 fees on Tron Network. He shows a screenshot of this massive transaction that occurred on Nov. 9, 2023.

Grogan also mentioned one of the few instances in which a user paid exorbitant gas fees. He cited a scenario in which a user paid $55,800 in gas for one transaction.

A highlight of the year 2023 was when a user accidentally spent nearly 20 Bitcoins worth around $500,000 in a fee to move only 0.008 Bitcoin ($200).

The year 2023 was a remarkable year that saw new tides emerge for the crypto industry. The most popular crypto narratives in 2023, according to , were artificial intelligence (AI), GameFi and meme coins, which garnered one-third of investor interest.

was by far the most popular crypto narrative in 2023, accounting for 11.3% of crypto narrative interest in the previous year. After the debut of ChatGPT in November 2022, AI interest and related activities gained traction in the tech industry. This enthusiasm spilled over into the crypto arena, drawing attention to AI-related cryptocurrencies.

GameFi was close behind as the second most popular crypto narrative, accounting for 10.5% of interest in crypto narratives in 2023. In the past, GameFi has been a popular story. It did, however, come on strong in 2023, with developments on multiple fronts.

In 2023, meme coins were the third most popular crypto narrative, accounting for 8.3% of crypto narrative attention. The year 2023 had a long meme coin season, which normally begins with a rise of interest in a certain meme currency.

The , BRC-20 tokens and real-world assets (RWA) have also received substantial attention, accounting for more than 5% of the interest in crypto narratives during the past year.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.