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
- Genesis’s Financial Reorganization: Genesis, the bankrupt crypto lender, wants to sell $1.6B in trust assets.
- UK’s Crypto Crime Challenge: According to reports, UK authorities may be dealing with crypto-crime technicalities.
- ETH Staking’s Wealth Potential: An Ethereum engineer recommends ETH self-staking for long-term wealth building, calling it ‘atomic generational riches.’
Top Layer 2 Solution
- Total Value Locked (TVL):: Arbitrum’s $2.6B TVL shows sustained trust and investment in these networks.
- Unique Active Wallets (UAW): Unique Active Wallets have reached 436.9K, demonstrating zksync’s popularity.
- Fees: Zksync collected $1.3M in fees, demonstrating its importance in Ethereum’s scalability.
Funding
Ithaca Protocol’s New Chapter: The Ithaca Protocol gets $2.5M in funds, which means it is ready for new developments in decentralised finance.
YAC’s Funding Milestone: YAC has raised $1M, which it will use to offer more services in the blockchain industry.

Source: Coingecko
The line graph illustrates data changes from January 30 to February 5 between $2,225K and $2,450K. Bar charts exhibit repeated data points over the same chronological range.
ETH stats that matter
Gas Fee: The fact that Ethereum’s petrol fees are usually only $4.7 is a good sign for how easy it is to use the network.
ETH Burned: This week, $27.92M worth of Ethereum was burned, showing that the network’s burn process is still having an effect.
Revenue: Ethereum made $35.5M, which shows that the network is still busy even though the market is going up and down.
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