Coinbase Director Recalls the Epic Mega Transaction That Dominated 2023

Coinbase Director Recalls the Epic Mega Transaction That Dominated 2023

Conor GroganCoinbase director, recounts some notable incidents from the year 2023. In a thread of tweets, the Coinbase director summarizes some of the highlights of 2023, including details about the largest transaction of the year.

Conor GroganCoinbase director, recounts some notable incidents from the year 2023. In a thread of tweets, the Coinbase director summarizes some of the highlights of 2023, including details about 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 fee on the Tron Network. Shows a screenshot of this massive transaction that occurred on November 9, 2023.

Grogan also mentioned one of the few cases where 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 almost 20 Bitcoins worth around $500,000 in a fee to move just 0.008 Bitcoins ($200).

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The year 2023 was an extraordinary year in which new tides emerged for the crypto industry. The most popular crypto narratives in 2023, according to CoinGeckowere artificial intelligence (AI), GameFi and meme coins, which attracted a third of investor interest.

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

GameFi followed closely 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. However, it strengthened in 2023, with progress on multiple fronts.

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In 2023, meme coins were the third most popular crypto narrative and accounted for 8.3% of crypto narrative attention. The year 2023 had a long meme coin season, which usually begins with a surge of interest in a certain meme coin.

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

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