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
- Windows-CrowdStrike Outage: Crypto community reacts to Windows-CrowdStrike outage as blockchains remain unaffected.
- WazirX Hack: Liminal blames compromised WazirX devices for the hack, claiming UI is not responsible.
- EU Markets: EU markets will pave the way for the first Ether staking ETF, says dYdX CEO.
- Angel Drainer Shutdown: Angel Drainer reportedly shuts down after developers potentially identified.
Top Layer 2 Solution
- TVL: Arbitrum holds the largest Total Value Locked with $3.2 billion, confirming its top position.
- UAW: Base leads with 3.6 million unique active wallets, reflecting its broad user base.
- Fees: Base leads with $852.7K in fees collected, underlining its efficiency and popularity in processing transactions.
Funding
- Nirvana Labs: Secured $4M to enhance its decentralized finance solutions.

Source: Coingecko
In the latter half of July, Ethereum’s price fluctuates slightly but remains around the $3.5K mark. The consistent trading volume indicates steady interest and market activity.
ETH stats that matter
- Gas Fees: Settled at $3, reflecting current network demand.
- ETH Burned: $19.3M worth of Ethereum has been burned, indicating robust network usage.
- Revenue: Generated a total of $19M this week, showcasing ongoing transaction activity.
Found value in the insights shared here? Check out our YouTube and Twitter, loaded with content meant to educate and entertain.
Follow our Telegram for a sneak peek at alpha; for an even deeper dive, join our Patreon community, where we share exclusive alpha for you to be the ‘early bird.’
Follow us today, and let’s explore Web3 together!