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
- ETF Anticipation: Both BlackRock and Grayscale are in the queue awaiting SEC’s decisions on spot ETH ETFs.
- Lido’s Validator Milestone: Lido Finance reaches a new milestone with 1M validators, which is a positive signal for the DeFi ecosystem.
- Franklin Templeton’s DTCC Listing: Franklin Templeton takes a significant step by listing an Ethereum ETF on DTCC.
- Crypto Adoption in Canada: According to KPMG, 39% of Canada’s institutional investors now have exposure to crypto, indicating growing mainstream interest.
Top Layer 2 Solution
- Total Value Locked (TVL): Arbitrum reports a total value locked (TVL) of $2.6 billion.
- Unique Active Wallets (UAW): A total of 1.4 million distinct active wallets have been documented, indicating the increasing popularity of Arbitrum.
- Fees: The cumulative fees amount to $2.4 million, highlighting the practicality of Base.
Funding
- L3E7’s Leap Forward: L3E7 raises $10M, gearing up for potential expansion and innovation.
- Aligned Layer’s Big Raise: Aligned Layer secures a substantial $22.6M in funding, setting the stage for notable growth.
- Hinkal’s Capital Boost: Hinkal raises $5.5M, likely to support its endeavors in the decentralized space.
Source: Coingecko
Ethereum’s price swings high before plunging below $3.1K, reflecting a week of volatile trading.
ETH stats that matter
- Gas Fees: Ethereum gas fees have decreased further to $4, encouraging transaction activity.
- ETH Burned: The network burned $22.9M worth of ETH, maintaining the deflationary aspect of Ethereum.
- Revenue: Total revenue reported was $20.7M for the week.
Found value in the insights shared here? Check out our YouTube and Twitter, loaded with content meant to educate and entertain.
Follow our Telegram for a sneak peek at alpha; for an even deeper dive, join our Patreon community, where we share exclusive alpha for you to be the ‘early bird.’
Follow us today, and let’s explore Web3 together!
