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
- Grayscale Crypto Portfolio Soars: Grayscale reports an 85% portfolio rise driven by triple-digit altcoin gains.
- Ethereum L2 TVL Growth: Ethereum Layer 2 solutions witness 205% annual growth, crossing the $51B mark in TVL.
- Hong Kong Gaming Firm Diversifies: Trades $49M in Ether treasury for Bitcoin as part of its risk management strategy.
- Starknet Staking Launch: Starknet introduces phase 1 staking on Ethereum Layer 2, marking a significant milestone for the ecosystem.
Top Layer 2 Solution
- Total Value Locked (TVL): Base leads with $3.7 billion in TVL.
- Unique Active Wallets (UAW): Base continues dominance with 5.8 million active wallets.
- Fees Collected: Base sets a record with $4 million in weekly fees.
Funding
- World Liberty: Raised $30 million for expanding decentralized finance use cases globally.
- Bleep: Secured $2.3 million to scale its Web3 social finance platform.
- SecondSwap: Closed a funding round with $1.2 million, focusing on decentralized cross-chain trading tools.
Source: Coingecko
Ethereum experienced a strong rally this week, climbing above $3,600 with sustained bullish sentiment. Increased trading volumes supported the surge, and the consolidation near the $3.7K mark suggests potential for further growth.
ETH stats that matter
- Gas Fee: Average transaction cost stands at $4.4.
- ETH Burned: Ethereum saw $31.4 million worth of ETH burned due to increased network activity.
- Revenue: Ethereum network revenue reached $27.1 million, showing robust ecosystem engagement.
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