Monday Gwei | Jan Week 2

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 By Monday Gwei

  • Ronin Network Partners with Transak to Simplify Fiat-to-Crypto and NFT Payments
  • Compound Adds Ethena and Mantle Tokens to DeFi Lending Platform
  • Crypto Bull Market Enters Final Stage, Caution Advised, Says CryptoQuant
  • VanEck Warns Hyperliquid Must Attract Developers to Sustain $25B Market Cap

Top Layer 2 Solution

  • Total Value Locked (TVL): Base leads with $3.4 B in TVL.
  • Unique Active Wallets (UAW): Base continues dominance with 6 million active wallets.
  • Fees Collected: Base sets a record with $2.8 million in weekly fees.

Funding Data

  • Aligned Layer: Raises $1M to develop decentralized infrastructure and DeFi tools.

Source: Coingecko

This week, Ethereum experienced a volatile period, with prices fluctuating within a narrow range. The overall trend remains bearish, with the price closing slightly lower than the previous week. Trading volume remained relatively low, suggesting a lack of strong buying or selling pressure.

ETH stats that matter

  • Gas Fee: Average transaction cost stands at $3.9.
  • ETH Burned: Ethereum saw $16.6 million worth of ETH burned due to increased network activity.
  • Revenue: Ethereum network revenue reached $18.1 million, showing robust ecosystem engagement.

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