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
- Polygon’s ZK Innovations: Polygon’s open-source prover converts Ethereum chains into ZK Layer 2s, a major scalability improvement.
- ARK 21Shares’ ETF Strategy: ARK 21Shares refiles an Ethereum ETF with cash creates and staking to meet investor needs.
- Ethereum’s L2 Cost Reduction: Mainnet deployment of an Ethereum upgrade to minimise Layer 2 transaction prices is anticipated.
Top Layer 2 Solution
- Total Value Locked (TVL):: The Arbitrum TVL is $2.8B, indicating tremendous growth and confidence in these platforms.
- Unique Active Wallets (UAW): With 344.6K UAW, zkSync use is rising.
- Fees: Arbitrum earned $1.9M in fees, demonstrating their importance to Ethereum scaling.
Funding
Flood’s Capital Infusion: Flood raised $5.2M for its blockchain innovations.
LightLink’s Technological Push: LightLink raises $4.5M to improve blockchain connectivity.
Clearpool’s Growth Strategy: Clearpool’s $150K financing will increase its decentralised capital market position.
Source: Coingecko
A dual-axis chart comprising a line graph and a bar graph shows data from February 6–12. The line graph illustrates an upward trend with values peaking above $2.5K, while the bar graph shows daily swings.
ETH stats that matter
Gas Fee: Increased network traffic has raised the average petrol fee to $11.4.
ETH Burned: Ethereum has burned $74.87M in ETH, demonstrating its deflationary economics.
Revenue: Ethereum’s $70M income shows its network’s resilience.
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