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
- SEC’s Ethereum Scrutiny: The SEC is reportedly considering classifying Ether as a security, sparking wide-ranging discussions within the industry.
- Etherscan’s Google Integration: ENS data from Etherscan is now searchable via Google, improving accessibility and visibility.
- ETF Decision Postponed: The SEC delays its decision on the Grayscale Ether futures ETF.
- Polygon’s Technical Hurdle: Polygon zkEVM faces downtime due to issues with its blockchain sequencer, highlighting the technical challenges in scaling solutions.
Top Layer 2 Solution
- Total Value Locked (TVL): A total TVL of $3.2B was reported by Arbitrum, indicating robust growth and user confidence.
- Unique Active Wallets (UAW): The fact that there are currently 4.5 million UAW is evidence of how the Base ecosystem is growing.
- Fees: As a whole, Base earned $3.1 million in fees, demonstrating once again how vital they are to the Ethereum network.
Funding
Sablier’s Innovation Push: Sablier has raised $4.5M to enhance its real-time finance solutions.
Succinct Labs’ Massive Raise: With $55M secured, Succinct Labs is set to make significant strides in development.
Espresso’s Notable Funding: Espresso lands a substantial $57.9M, underscoring potential for significant impact in the blockchain space.
Source: Coingecko
The top red line graph shows a fluctuating pattern from March 19 to 25 with y-axis values from $3K to $3.7K. The shaded region below the line shows it tracks stock prices or currency values. The bottom graph is a blue line graph showing a 2016–2024 declining trend, perhaps representing a different metric or cumulative data.
ETH stats that matter
Gas Fee: Ethereum’s gas fees have seen an increment, averaging $12.5, possibly reflecting sustained network usage.
ETH Burned: The deflationary trend continues with $75.1M worth of ETH burned.
Revenue: Ethereum generated a healthy revenue of $84.2M.
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