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
- SEC’s ETF Deliberation: SEC has extended the deadline for the decision regarding the Grayscale spot Ether ETF. This development is highly anticipated by investors due to the potential ramifications it may have on market accessibility and liquidity.
- Polygon 2.0 Roadmap: The highly anticipated Polygon 2.0 is scheduled to be released in 2024. The milestone is expected to involve the creation of unified ZK-powered L2 chains, which will significantly improve scalability and efficiency.
- Polygon’s Web3 Initiative: Polygon has introduced the CDK to establish a Web3 loyalty program on Flipkart. This development represents a substantial advancement for the incorporation of blockchain technology into conventional business models.
Top Layer 2 Solution
- Arbitrum Leads in TVL: Holds the top spot in Layer 2 solutions for TVL, having secured 1.93 billion in stablecoins. This indicates a substantial level of trust and increased adoption within the community.
- zkSync’s Active Users: zkSync has passed Arbitrum in terms of the amount of active wallets.
- Fee Generation: zkSync generates $2 million in fees, indicating an increasing usage for transactional objectives.
Funding
This week also saw a lot of funding events, which shows that investors are confident.
MITH’s Funding Success: Raised $3.5 million to advance its mission and development in the blockchain sector.
Candlestick’s Financial Infusion: Candlestick is now able to possibly grow its blockchain-related projects thanks to a $1.2 million boost.
Ten’s Funding Milestone: Secured $7.5 million in funding, marking a significant milestone in its ambitious growth strategies and groundbreaking ventures. The image also showed a big change in the market:
Source: Coingecko
The +13.4% increase suggests a sustained uptrend, but does not predict future price fluctuations. Investors should monitor market for new opportunities and seize them.
ETH stats that matter
Gas Fee: The mean gas fee is a reasonable $10.35
ETH Burned: The burning of an astounding $75.73 million worth of ETH reinforces the deflationary nature of Ethereum’s economic model.
Revenue: The fact that Ethereum protocols have generated $78.12 million in revenue demonstrates the network’s robust economic activity.
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