Monday Gwei is a weekly account of what is happening in the Ethereum ecosystem.
This week,
- Top Ethereum News
- Top Layer 2 Solution
- Funding
- ETH stats that matter
From the average gas fee, to ETH burned, Monday Gwei covers it all.
Top Ethereum News
- Decentralised Sequencer Pool Set to Launch on Layer-2 Network
- SEC Seeks Public Input on Fidelity’s Spot Ether ETF Application
- Speculation over portal screenshots as Starknet token distribution remains unfinalized
- Santander Enlists Taurus as Crypto Custodian to Safeguard Bitcoin and Ether: Report
- Ethereum Donations Reach New Heights Save the Children Launches HODL Hope Campaign
- Vitalik Buterin’s Belief in AI Surpassing Humans Sparks Community Response
Top Layer 2 Solution
- With $1.88B in stables, Arbitrum has the most Total Value Locked (TVL), which shows that users believe and use it a lot.
- In terms of unique active wallets, Starknet now has 155.4K more than Arbitrum, which shows that its user base is growing.
- In a close race for fees, Starknet also has more than Arbitrum, with $1.3M in fees. This shows that users value its services for their deals.
- Tron is making the most money with $8.96M, which shows how important it is to the community.
Funding
This week also saw a lot of funding events, which shows that investors are confident.
A matrix FIRE: Got a big $10M in funding, which could make all the difference for the project’s growth and progress. Wind got $3.8 million, which could help its blockchain projects move forward. MITH: The fact that this platform has raised $3.5M shows that investors are interested in its unique features. Changes in the Market The image also showed a big change in the market:
The line shows a change of +10.7%, which shows that the market value is going up. This could be a sign that prices will go up in the coming weeks.
ETH Stats That Matter
Source: coingecko
Gas Fee: The average gas fee has been pretty low at $7.87, which means that Ethereum users have had a better time making transactions.
ETH Burned: An impressive $64.58M worth of Ethereum was burned, which suggests that a healthy kind of decline is at work.
Revenue: The network made $56.85M in revenue, which shows that the economy is doing well even though the market is unstable.
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