Monday Gwei | March Week 1

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

  • Blast’s L2 Mainnet Launch: Blast launches an Ethereum L2 mainnet, unlocking $2.3B in staked crypto and enhancing the network’s capabilities.
  • Omni Network’s Major Deal: Omni Network has sealed a $600 million deal with Ether.Fi, signaling a significant financial event within the industry.
  • Joe Lubin’s Optimistic Outlook: Ethereum co-founder Joe Lubin remarks that the crypto industry’s momentum is accelerating and appears unstoppable, echoing the sentiment of growth and resilience.

Top Layer 2 Solution

  • Total Value Locked (TVL): Arbitrum’s TVL reached $3.3B, a major Ethereum scalability milestone.
  • Unique Active Wallets (UAW): ZkSync now has 412.8K Unique Active Wallets, demonstrating its growth.
  • Fees: Arbitrum has received $4.1M in fees, demonstrating its worth in improving Ethereum’s transactional efficiency.

Funding

Taiko’s Major Raise: Taiko secures $15M in funding, setting the stage for further development within the blockchain ecosystem.

Overlay’s Funding Achievement: Overlay has raised $500K, which will be channeled towards its platform’s growth and innovation.

Source: Coingecko

The trend shows a large one-week asset price increase, but long-term performance is declining until 2024.

ETH stats that matter

Gas Fee: Ethereum gas fees have reached $14.62, reflecting the network’s increasing demand. ETH Burned: A significant amount of $140.7M worth of Ethereum has been burned, showcasing the enduring effects of EIP-1559.. Revenue: Ethereum has seen a substantial revenue of $133.4M, indicating a thriving network.

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