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
- Etherscan’s Strategic Acquisition: The strategic acquisition of Solana block explorer Solscan by Etherscan marks a significant crossover in the blockchain explorer market.
- Gamma Protocol’s Security Measures: Gamma Protocol Security: The Gamma protocol is investigating a security breach that caused a large Ether drain.
- Celsius’s Strategic Move: Celsius will unstake $470M in Ether to ensure liquidity for upcoming repayments.
Top Layer 2 Solution
- Total Value Locked (TVL):: Layer 2 solutions like Arbitrum have $2.4B in TVL, demonstrating their development and usage.
- Unique Active Wallets (UAW): The Layer 2 ecosystem has 385.6K Unique Active Wallets (UAW), demonstrating these networks’ growing reach.
- Fees: Layer 2 networks have received $1.7M in fees, demonstrating its importance to Ethereum’s scalability and user adoption.
Funding
A Quiet Week: This week, the Ethereum project funding scene was unusually quiet, with no major investments reported.
Source: Coingecko
A cryptocurrency price graph from January 1 to January 8, 2024, is shown. After an early peak, the price drops sharply, followed by volatility and a slump. The volume bars at the bottom show trading activity spikes during price drops.
ETH stats that matter
Gas Fee: This week, Ethereum users paid an average of $5.43 for gas, which shows that the network is easier to get to.
ETH Burned: $35.91M worth of ETH was burned on the network, which is in line with the deflationary process that EIP-1559 set up.
Revenue: $33.3M in sales were recorded, which shows that the Ethereum environment is still being used and transacted upon.
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