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
- Gas Limit Adjustments: Increasing gas limits could lower transaction fees by 15%–33%, says Eric Connor.
- HashKey Group Launch: Introduces Ethereum Layer-2 mainnet HashKey.
- Binance Australia Lawsuit: Sued over consumer protection violations.
- Synthetix Update: Launches Base multi-collateral perpetuals with an AMM revamp.
Top Layer 2 Solution
- Total Value Locked (TVL): Base leads with $3.5 B in TVL.
- Unique Active Wallets (UAW): Base continues dominance with 6.6 million active wallets.
- Fees Collected: Base sets a record with $2.7 million in weekly fees.
Funding
- Fuel Network: Raised $4.5 million to scale blockchain infrastructure.
- Derive: Secured $500,000 for DeFi analytics tools.
Source: Coingecko
Ethereum’s price experienced a volatile week, starting near $3,800 and facing a steady decline midweek, dipping below $3,200. A brief recovery followed, pushing the price back above $3,400 before stabilizing around the $3,200-$3,300 range. Trading volume peaked during the sharp drop and recovery phase, indicating active market participation. The broader trend shows Ethereum facing resistance near $3,400 while testing support levels close to $3,200.
ETH stats that matter
- Gas Fee: Average transaction cost stands at $5.7.
- ETH Burned: Ethereum saw $37.2 million worth of ETH burned due to increased network activity.
- Revenue: Ethereum network revenue reached $40.2 million, showing robust ecosystem engagement.
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