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
- Market Movements: Base’s TVL has surged to $8B, quickly surpassing Optimism Mainnet.
- Industry Commentary: Ethereum’s leadership faces internal contradictions, according to Wintermute CEO.
- Regulatory Insights: SEC’s Gensler clarifies that Ethereum ETF launch timelines are determined by the issuers, not the regulator.
- Protocol Changes: Vitalik Buterin-supported Nocturne protocol has ceased operations amid strategic shifts.
Top Layer 2 Solution
- TVL: Arbitrum holds the largest Total Value Locked with $3.1 billion, confirming its top position.
- UAW: Arbitrum leads with 2.8 million unique active wallets, reflecting its broad user base.
- Fees: Base leads with $1M in fees collected, underlining its efficiency and popularity in processing transactions.
Funding
- The Sandbox: Secured $20M to expand its virtual real estate and gaming ecosystem.
- Mountain Protocol: Raised $8M to enhance its decentralized data solutions.
- Avail: Received a substantial $43M for advancing its modular blockchain framework.
Source: Coingecko
The Ethereum price chart for early June showcases a gradual decline followed by a sharp drop, moving the price below $3.7K. The volume suggests active trading as investors react to the downward trend.
ETH stats that matter
- Gas Fees: Settled at $5.9, reflecting current network demand.
- ETH Burned: $33.7M worth of Ethereum has been burned, indicating robust network usage.
- Revenue: Generated a total of $31.3M this week, showcasing ongoing transaction activity.
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