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 Predictions: Ethereum could fall 30% after spot ETH ETFs launch, according to a Crypto VC.
- ETF Proposals: Asset managers update proposals for Ether ETFs, eyeing a July launch.
- NFT Innovations: Bitwise’s latest Ethereum ad can be minted as an NFT.
- Fidelity Updates: Fidelity amends Ether ETF filing, disclosing $4.7M in seed capital.
Top Layer 2 Solution
- TVL: Arbitrum holds the largest Total Value Locked with $2.8 billion, confirming its top position.
- UAW: Arbitrum leads with 3 million unique active wallets, reflecting its broad user base.
- Fees: Arbitrum leads with $3.6 million in fees collected, underlining its efficiency and popularity in processing transactions.
Funding
- Wasabi: Secured $3M to enhance its decentralized finance solutions.
Source: Coingecko
The Ethereum price chart for late June shows a downward trajectory with multiple fluctuations, ultimately dipping below $3.4K. Trading volumes remain high, highlighting significant market activity and investor reactions to the decline.
ETH stats that matter
- Gas Fees: Settled at $3.5, reflecting current network demand.
- ETH Burned: $15.4M worth of Ethereum has been burned, indicating robust network usage.
- Revenue: Generated a total of $16M this week, showcasing ongoing transaction activity.
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