The latest incident that has followed the FTX effect is BlockFi filling for Chapter 11 Bankruptcy protection. The crypto lender BlockFi filed for bankruptcy protection on Monday; few days after suspending withdrawals amid the ongoing fallout from exchange FTX's bankruptcy filing.
In the last week, Uniswap has registered over a billion dollars in 24-hour trading volume; which is considerably higher than many centralized exchanges in the same time frame. All these activities have started to pile up since the FTX incident's reasons were disclosed.
As the cost for these transactions went up for most blockchain networks, as is the case with the likes of Bitcoin and Ethereum. We will be looking at some of the top cryptos with the lowest transaction fees to look out for in 2022.