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
- Vitalik Buterin Donates to Defense Fund: Vitalik Buterin donates 100 ETH to Roman Storm’s defense fund, showing continued support for the developer community amidst legal troubles.
- EigenLayer Hack Incident: EigenLayer confirms the $5.7M hack was an isolated incident, assuring no vulnerabilities were found in the protocol itself.
- Grayscale Launches Aave Fund: Grayscale introduces a new Aave-focused fund, highlighting increased interest in DeFi assets amid a surge in decentralized finance.
- Crypto Phishing Losses: Crypto phishing scams drained $46M in September, marking a significant hit to investors’ funds.
Top Layer 2 Solution
- Total Value Locked (TVL): Arbitrum continues to dominate with $2.4 billion.
- Unique Active Wallets (UAW): Base leads the way with 6.6 million active wallets.
- Fees Collected: Base edges out competitors with $591.7K in fees collected.
Funding
- Layer: Raised $6 million to enhance blockchain scalability solutions.
Source: Coingecko
The Ethereum price chart for early October depicts a downward trend, falling from $2.65K to as low as $2.35K before attempting a recovery to $2.45K. The overall sentiment appears bearish, with price fluctuations reflecting uncertainty and a lack of upward momentum in the market.
ETH stats that matter
- Gas Fee: Average transaction cost settled at $3.8.
- ETH Burned: Ethereum saw $17.9 million worth of ETH burned due to increased network usage.
- Revenue: Network revenue reached $17.3 million, maintaining strong activity levels.
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