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
- Regulatory Discussions: Patrick McHenry publicly accuses SEC Chair Gary Gensler of misleading U.S. lawmakers about Ether, adding tension to the regulatory landscape.
- Security Milestones: April saw a reduction in exploits and scams within the ecosystem, totaling only $25M, marking a historic low according to CertiK.
- ENS vs. Unstoppable Domains: The Ethereum community shows division over an ENS petition against Unstoppable Domains, citing concerns over patent strategies.
- Sector News: Security platform Securitize confirms a $47M funding round led by BlackRock, underscoring institutional confidence in blockchain solutions.
Top Layer 2 Solution
- Total Value Locked (TVL): The current aggregate value locked in Arbitrum amounts to $2.7 billion.
- Unique Active Wallets (UAW): The number of active wallets has reached 1.7 million, indicating the increasing acceptance and use of Arbitrum.
- Fees: Base earned a total of $1.8 million in fees, highlighting their crucial function in the ecosystem.
Funding
- Blade Games’ Strategic Funding: Blade Games secures $2.4M to expand its gaming on blockchain initiatives.
- Optimism’s Massive Raise: Optimism raises a significant $90M, poised to fuel its scalability and infrastructure projects.
Source: Coingecko
Ethereum’s price shows recovery, steadily climbing to surpass $3.2K in early May.
ETH stats that matter
- Gas Fee: Ethereum’s gas fees remain low at $3.3, promoting active network participation.
- ETH Burned: $20.2M worth of ETH was burned, reflecting healthy network activity.
- Revenue: The network generated $25.3M in revenue.
Found value in the insights shared here? Check out our YouTube and Twitter, loaded with content meant to educate and entertain.
Follow our Telegram for a sneak peek at alpha; for an even deeper dive, join our Patreon community, where we share exclusive alpha for you to be the ‘early bird.’
Follow us today, and let’s explore Web3 together!
