Monday Gwei | April Week 1

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

  • Etherscan Phishing Alert: Etherscan faces a security issue with ads leading to a massive phishing campaign.
  • Base’s Impressive Growth: Base records a TVL of $4B as its monthly transaction volume surpasses both Ethereum and Arbitrum.
  • Lido’s Market Share Shift: Lido sees a decrease in its Ethereum staking market share, dropping below 30%.
  • Restaking Concerns: Coinbase raises concerns about potential hidden risks associated with restaking in the Ethereum network.

Top Layer 2 Solution

  • Total Value Locked (TVL): Arbitrum’s TVL reaches $3.2B, indicating sustained growth.
  • Unique Active Wallets (UAW): Base’s UAW reaches 1.5M, indicating increased adoption.
  • Fees: Base’s fees total $4.4M, highlighting Ethereum’s ecosystem’s critical role.

Funding

  • LightLink’s Expansion: LightLink secures $6.2M in funding, set to bolster its blockchain connectivity services.
  • AutoLayer’s Innovation Boost: AutoLayer raises $2.5M, marking investor confidence in its scaling solutions.
  • BonusBlock’s Capital Injection: BonusBlock receives $2.3M in funding, aiming to enhance its DeFi offerings.

Source: Coingecko

The Ethereum price chart shows a volatile trend, fluctuating between $3.2K and $3.6K over the past week, with a peak above $3.5K and occasional spikes in trading volumes.

ETH stats that matter

Gas Fee: Ethereum’s average gas fees have seen a slight decrease to $9.3, offering a more cost-effective transaction environment. ETH Burned: With $61.4M worth of ETH burned, the network continues to show deflationary trends. Revenue: The revenue generated by the network stands at $72.2M, a solid figure that indicates active platform use.

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