From the average gas fee, to ETH burned, Monday Gwei covers it all.
This week,
- Top Ethereum News
- Top Layer 2 Solution
- Funding
- ETH stats that matter
Monday Gwei is a weekly account of what is happening in the Ethereum ecosystem.
Top Ethereum News
- Vitalik Explores ‘Info Finance’ Potential: Vitalik Buterin examines the role of “info finance” as Ethereum surpasses the $3,000 mark.
- High-Risk DeFi Loans Surge Post US Election: The demand for high-risk DeFi loans sees an upswing following the US election, in tandem with a crypto market rally.
- Ethereum’s $500M Deployment to Ecosystem Projects: Ethereum’s ecosystem support report reveals nearly $500 million deployed in 2022-23.
- Eclipse Mainnet Launches: The first Ethereum Layer 2 solution based on Solana, Eclipse, successfully launches its mainnet.
Top Layer 2 Solution
- Total Value Locked (TVL): Base maintains a strong lead with $3 billion.
- Unique Active Wallets (UAW): Base dominates with 5.2 million unique active wallets.
- Fees Collected: Base also leads in fees, collecting $1 million.
Funding
- No Remarkable Funding: This week saw no significant funding activity in the ecosystem.
Source: Coingecko
Ethereum saw a robust rally over the past week, pushing above the $3,000 mark as buying momentum intensified. The steady increase in trading volume indicates growing investor confidence, supporting ETH’s upward trajectory. The week’s gains highlight Ethereum’s resilience and positive sentiment in the crypto market.
ETH stats that matter
- Gas Fee: The average transaction cost was $3.1.
- ETH Burned: Ethereum experienced a burn rate totaling $30.2 million.
- Revenue: Ethereum network revenue reached $27.8 million, reflecting strong network activity.
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