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
- EigenLayer’s AI Partnership: EigenLayer announces a partnership with Ritual to create AI-powered decentralized applications (DApps).
- Axie Infinity Hack: One of Axie Infinity’s co-founders experiences a wallet hack, resulting in a loss of $9.7 million.
- Reddit’s Crypto Strategy: Reddit has begun converting its excess cash reserves into Bitcoin and Ethereum, signaling increased institutional interest.
- StarkNet Token Fluctuation: StarkNet’s STRK token sees a price drop as a result of actions by Nethermind and airdrop hunters.
Top Layer 2 Solution
- Total Value Locked (TVL): Arbitrum’s $3 billion TVL shows market confidence in these platforms.
- Unique Active Wallets (UAW): The UAW count of zkSync is 422.2K, indicating increased adoption.
- Fees: A collective $2.9 million in fees has been accrued by zkSync
Funding
EigenLayer’s Funding Milestone: EigenLayer has successfully raised $100 million, indicating significant investor interest.
ZeroLend’s Capital Infusion: ZeroLend secures $3 million in funding, ready to expand its services.
Source: Coingecko
Between February 20 and February 26. As seen on the graph, the values increase in magnitude from just below $2.9K to over $3.1K.
ETH stats that matter
Gas Fee: The average cost of transaction fees on Ethereum is now $10.2.
ETH Burned: A total of $83.1 million worth of ETH has been burned, indicating robust network usage.
Revenue: The Ethereum network has generated $75.9 million in revenue.
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