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
- Staking via MetaMask: Users can now stake an entire validator straight from MetaMask, which is a big change for Ethereum stakers and makes the process easier.
- Regulatory Developments: The top government office in South Korea has asked the Financial Services Commission to change its mind about its position on spot Bitcoin ETFs. This could mean that regulations will change.
- Technical Updates: Nethermind has released a hotfix to fix an issue where its client caused Ethereum blocks to be invalid. This keeps the network’s security and reliability.
Top Layer 2 Solution
- Total Value Locked (TVL):: With a total value locked of $2.6B, arbitrum is still going strong. This shows how much trust and liquidity they’ve gained.
- Unique Active Wallets (UAW): The number of UAW has hit 445.2K, which shows that more and more zksync users are interested in and using it.
- Fees: Arbitrum earned $1.6M in fees, which shows how important they are to Ethereum’s plan to grow.
Funding
DIMO’s Major Funding: DIMO was able to raise $11.5M, which shows that investors believe in its idea and its future.
DeBox’s Financial Boost: The $2M in funding gives DeBox the tools it needs to continue its growth and market penetration.
Source: Coingecko
The price of a cryptocurrency goes up and down a lot over the course of a week, with strong high points and then a sharp drop. Its price ranges from $2,350 to $2,650, which shows how random digital currency markets are.
ETH stats that matter
Gas Fee: This week, the average petrol fee was $6.91, which shows that there is a steady need for Ethereum to process transactions.
ETH Burned: In line with the network’s deflationary process, $46.6M worth of Ethereum was burned.
Revenue: The Ethereum protocols have brought in a total of $53.9M.
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