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
- Verkle Trees’ Staking Advantages: Vitalik Buterin discusses the potential of Verkle trees to offer superior benefits for Ethereum solo staking.
- Uniswap v4 Announcement: Uniswap anticipates the launch of its version 4 in Q3, following Ethereum’s upcoming Decun upgrade.
- Celsius’ Creditor Strategy: Celsius has distributed $2B of crypto to 172K creditors, marking a significant move in its financial strategy post-restructuring.
Top Layer 2 Solution
- Total Value Locked (TVL): The Total Value Locked (TVL) in Arbitrum has increased to $3 billion, indicating a rising trust in these platforms.
- Unique Active Wallets (UAW): The UAW count has reached 386.4K, indicating the increasing user interaction with zkSync.
- Fees: Arbitrum raised a total of $1.9 million in fees, showcasing their crucial contribution to improving Ethereum’s scalability.
Funding
AltLayer’s Funding Success: AltLayer has raised an impressive $14.4M, poised to fuel its growth in the blockchain space.
Ethena’s Strategic Investment: Ethena secures $14M in funding, earmarking it as a significant player to watch.
MetaStreet’s Major Raise: With $25M raised, MetaStreet is set to make a substantial impact on the DeFi landscape.

Source: Coingecko
From February 13th to February 19th, Ethereum exhibited an increasing trend with prices approaching $3,000, as illustrated in the bar graph showing daily fluctuations.
ETH stats that matter
Gas Fee: Ethereum’s gas fees have risen to an average of $10.8, possibly due to increased network demand.
ETH Burned: The network has burned $62.3M worth of ETH, maintaining its deflationary trajectory. Revenue: A notable revenue of $60.8M has been generated, indicating robust platform activity and operations.
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