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
- Vitalik Buterin Introduces Circle STARKs: A new approach to blockchain efficiency.
- Japan Crypto ETFs Boosted: The Franklin Templeton and SBI Holdings partnership.
- Grayscale Ethereum Trust ETF: Net outflows hit $1.5B.
- HK Police Arrest 4 in Crypto Fraud: Involving HK$11M.
Top Layer 2 Solution
- TVL: Arbitrum holds the largest Total Value Locked with $3.2 billion, confirming its top position.
- UAW: Base leads with 3.7 million unique active wallets, reflecting its broad user base.
- Fees: Base leads with $724.3K in fees collected, underlining its efficiency and popularity in processing transactions.
Funding
- NPC Labs: Secured $18M to enhance its blockchain infrastructure.
- Stix Protocol: Raised $1.8M for further development and expansion.
Source: Coingecko
The Ethereum price chart for late July showcases a significant drop followed by a steady recovery, ending the month near $3.3K. This pattern reflects a volatile period with a resilient ending, indicating a bounce back in investor confidence and market dynamics.
ETH stats that matter
- Gas Fees: Settled at $2.9, reflecting current network demand.
- ETH Burned: $9.4M worth of Ethereum has been burned, indicating robust network usage.
- Revenue: Generated a total of $9.3M this week, showcasing ongoing transaction activity.
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