Ethereum News Today: Cold Wallet Surpasses Competitors With 100% Gas Fee Cashback Model

Cold Wallet ($CWT) is emerging as a standout in August’s crypto landscape, competing with Ethereum (ETH), Hyperliquid ($HYPE), and Hedera (HBAR) as one of the best coins to buy. The project distinguishes itself through a unique cashback model, where users earn CWT tokens for everyday activities such as swaps, bridging, and gas payments. As users accumulate more CWT, their cashback rate increases, potentially reaching 100% on gas fees at the highest level [1]. The presale price is currently $0.00942, with gradual increases across 150 steps. Twenty-five percent of the supply is allocated for user rewards, emphasizing the project’s focus on real-world utility and community-driven growth [1].

Ethereum is also gaining traction due to recent ETF-related inflows. On August 25, ETH traded at $3,705 and rose to $3,864 by August 28. Analysts are now watching for a potential push toward $4,270. Over $1.8 billion in institutional funds has been funneled into newly approved ETH ETFs, and 54 new large wallet addresses holding more than 10,000 ETH each were added this week. This indicates growing institutional interest and confidence in the network [1]. Ethereum’s role as a foundational layer for DeFi, NFTs, and app development remains strong, supported by rising smart contract activity and improved developer tools.

Hyperliquid ($HYPE) is gaining attention for its fast, on-chain trading capabilities. Since August 25, the platform has maintained a daily trading volume near $1.2 billion, with $345 million in total value locked. Its custom Layer 1 design enables high-speed trading with lower latency compared to many competitors. The platform recently secured a funding round that pushed its valuation to nearly $500 million and introduced gasless trading features, further enhancing user experience. As demand for low-cost and high-speed DeFi trading grows, Hyperliquid is positioning itself as a strong contender in the market [1].

Hedera (HBAR) is showing steady growth through real-world adoption, with the token trading at $0.086 as of August 28, up from $0.080 earlier in the week. The network has processed over 50 billion transactions and has more than 35 million active HBAR accounts. Major companies such as Dell, Avery Dennison, and DLA Piper are building on Hedera’s platform, contributing to its long-term stability. Hedera’s proof-of-stake model keeps transaction costs low and speeds high, while its council of trusted entities supports sustained development [1].

While Ethereum benefits from ETF-driven capital flows, Hyperliquid showcases the potential of fast DeFi trading, and Hedera advances through business integration, Cold Wallet introduces a novel approach to user rewards. Unlike the others, it transforms gas fees into tangible value for users, offering a unique value proposition in the crypto market. With no requirement for staking or lock-ups, Cold Wallet’s model emphasizes immediate and visible benefits, making it a compelling option for crypto users seeking practical returns [1].

[1] Source: [1] Best Crypto Coin to Buy: Cold Wallet, ETH, HBAR, HLP (https://coinmarketcap.com/community/articles/688fd020d921332cbcd2a225/)