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
- Trump Family May Build ‘Giant Businesses’ on Ethereum — Lubin
Joseph Lubin, co-founder of Ethereum, recently revealed that the Trump family may be exploring the possibility of building large-scale businesses on the Ethereum blockchain. - Ethereum Fee Earnings Rise in 2024 Despite Cost-Saving Dencun Upgrade: CoinGecko
Ethereum’s transaction fee earnings have seen a significant increase in 2024, despite the recent Dencun upgrade, which aimed at reducing costs. - MetaMask and Ramp Network Partnership Lets Users Cash Out Directly from L2 Networks
MetaMask has teamed up with Ramp Network to enable users to cash out directly from Layer 2 (L2) networks, streamlining the process for those involved in Ethereum’s scaling solutions. - Ethereum Can Ship Faster Without Sacrificing Its Values — Paradigm
Paradigm, a leading investment firm in the crypto space, recently highlighted that Ethereum can accelerate its development without compromising its core values.
Top Layer 2 Solution
- Total Value Locked (TVL): Base leads with $3.5 B in TVL.
- Unique Active Wallets (UAW): Base continues dominance with 6 million active wallets.
- Fees Collected: Base sets a record with $2.7 million in weekly fees.
Funding Data
- Cone: Raises $8.6 M for blockchain-based financial solutions.
- Aligned layer: Secures $6.6M to expand decentralized lending infrastructure.
Source: Coingecko
The 7-day price range for Ethereum (ETH) has fluctuated between $3,080.63 and $3,341.84, with a 9.1% increase over the past week. The current price is around $3,060.55, reflecting an 8.2% increase in the last 24 hours. Ethereum’s market cap is approximately $370 billion, with strong trading volume and growing market interest.
ETH stats that matter
- Gas Fee: $5.9 (Average transaction cost).
- ETH Burned: $28.5 Million due to network activity.
- Revenue: $32.4 Million, indicating sustained network engagement.
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