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 Developments: The creation of ‘CultureCoin’ emerges in response to a regulatory crackdown, highlighting the community’s resilience and adaptability.
- Infrastructure Security: Post a $10M hack, the resurrection of the Bitcoin bridge XLink is underway, marking significant strides in cross-chain security.
- Legal Challenges: Dolce & Gabbana faces a class-action lawsuit related to delays in NFT deliveries, underscoring the legal complexities emerging in digital asset markets.
- Security Measures: In response to a hack, Alex Labs successfully freezes $3.9M of exploited funds, showcasing effective crisis management in blockchain security.
Top Layer 2 Solution
- TVL: Arbitrum dominates with a TVL of $2.8 billion, showing the highest asset commitment among Layer 2 platforms.
- UAW: With 2.9 million unique active wallets, Arbitrum showcases the largest user base, emphasizing its widespread acceptance.
- Fees: Base takes the lead in fees collected, amassing $974.8K, which highlights its cost-effective model and user engagement.
Funding
- Polymarket Secures Major Funding: With a $45M raise, Polymarket is set to expand its prediction market platforms significantly.
- Anomaly’s Development Funding: Anomaly raises $1.45M to further its technology innovations within the blockchain space.
Source: Coingecko
This week’s Ethereum price chart shows a pattern of initial decline, a sharp recovery mid-week, and ends with a slight dip, hovering around $3.1K. The trading volume remains robust, reflecting sustained investor activity.
ETH stats that matter
- Gas Fees: Ethereum’s low gas fees continue, marked at $2.3, facilitating increased network interactions.
- ETH Burned: With $13.3M worth of ETH burned, the network’s robust activity is evident.
- Revenue: Ethereum maintains strong economic health with $19.3M 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!