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
- South Korea Tracks North Korea’s Cyber Role: South Korea confirms North Korea’s involvement in the $50M Upbit hack, spotlighting the geopolitical risks in crypto security.
- Quantum-Proof Ethereum: Hash-based zero-knowledge technology is being explored for a quantum-resistant Ethereum, marking a leap towards future-proofing the blockchain.
- Hong Kong Goes Retail on Crypto: The region’s largest digital bank launches retail crypto trading, signaling increased adoption in Asia.
- NFT Market Momentum: NFT sales hit $158M weekly volume, maintaining robust interest amidst market volatility.
Top Layer 2 Solution
- Total Value Locked (TVL): Base holds $3.5 billion in stables.
- Unique Active Wallets (UAW): Base leads with 6.3 million active wallets.
- Fees Collected: Base collects $2 million in transaction fees.
Funding
- TrueMarkets: Raised $4.03 million to strengthen decentralized finance capabilities.
Source: Coingecko
Ethereum demonstrated a strong upward trend this week, surging past $3,400 before consolidating near the mark. Increased trading volumes indicate bullish sentiment, setting the stage for potential further gains.
ETH stats that matter
- Gas Fee: Average cost at $5.7 per transaction, reflecting high network demand.
- ETH Burned: $32.9 million worth of ETH burned this week.
- Revenue: Ethereum generated $31.7 million in revenue, showcasing sustained activity.
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