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
- Odds Favor Solana ETF by 2025: VanEck predicts a high likelihood of Solana ETF approval within the next two years, signaling growth in institutional adoption.
- Decentralized Infura by ConsenSys: ConsenSys launches decentralized Infura as an EigenLayer AVS, a move towards decentralized infrastructure.
- SEC Crypto Cases and Trump: ConsenSys CEO suggests that crypto cases under the SEC might be dismissed or settled if Trump secures a second term.
Top Layer 2 Solution
- Total Value Locked (TVL): Base leads with $3.6 billion in stables.
- Unique Active Wallets (UAW): Base maintains the top spot with 5.5 million active wallets.
- Fees Collected: Base collects $2.3 million in fees, significantly ahead of competitors.
Funding
- Blast Royale: Secures $5.7 million to bolster decentralized gaming solutions.
Source: Coingecko
Ethereum experienced a volatile week, with price fluctuations between $3,000 and $3,200. Despite attempts to sustain momentum, resistance at $3,100 kept gains in check, reflecting a period of consolidation for the cryptocurrency.
ETH stats that matter
- Gas Fee: Average cost rises to $7.7 per transaction, reflecting increased network activity.
- ETH Burned: Ethereum burned $56.3 million worth of ETH this week.
- Revenue: Total network revenue reached $71.4 million, highlighting strong network utilization.
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