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
- Future Price Speculation: Expectations of Ethereum reaching $4.5K are high in anticipation of the upcoming ETH ETF.
- Ethereum Foundation’s Policy Update: Introduction of a conflict of interest policy aims to enhance transparency following recent EigenLayer crossovers.
- International ETF Implications: The pressure from U.S. ETH ETF developments is prompting regulatory reevaluations globally.
- Trader Profits Amid Volatility: A trader netted $2.7M in just three days by trading a Trump-themed MAGA memecoin, highlighting market volatility and the speculative potential within the crypto space.
Top Layer 2 Solution
- TVL: Arbitrum showcases a commanding presence with a TVL of $3.1 billion.
- UAW: Arbitrum again leads the field with 3.4 million unique active wallets.
- Fees: Base sets itself apart by generating $2.3 million in fees, indicating its efficiency and competitive pricing.
Funding
- BitGet Wallet Innovation: Secures $45M in funding to enhance its cryptocurrency wallet solutions.
- Zaros Development: Zaros receives $1.8M to bolster its blockchain infrastructure capabilities.
- Farcaster’s Major Investment: With a substantial $180M in funding, Farcaster is poised to innovate significantly within Ethereum’s ecosystem.
Source: Coingecko
Ethereum’s price chart from the past week shows a notable upward trend, starting around $3.2K and ascending steadily towards the $4K threshold. The volume of trades has increased as the price has risen, indicating strong market interest and confidence.
ETH stats that matter
- Gas Fees: The network maintains low fees at $4.1, facilitating user transactions.
- ETH Burned: $29.1M worth of Ethereum burned, indicating strong network usage.
- Revenue: Total revenue stands at $28M, highlighting a stable economic throughput.
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