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
- Base Stablecoin Dominance: Base chain briefly surpassed all other chains in stablecoin transaction volume, showcasing increased utility and adoption.
- Vitalik Buterin’s ‘Wartime Mode’: Vitalik Buterin adopts a strong stance against critics, aiming to protect Ethereum’s core principles.
- Bitfinex Hack Update: In a surprising move, the hacker returned the majority of the $20 million to the U.S. government.
- Etherscan V2 Beta Launched: Etherscan unveils a unified API for over 50 blockchains, enhancing accessibility and cross-chain integration.
Top Layer 2 Solution
- Total Value Locked (TVL): Base leads with $3.7 billion.
- Unique Active Wallets (UAW): Base remains ahead with 6.8 million active wallets.
- Fees Collected: Base collected $767K in fees, leading the network.
Funding
- No Major Funding: There were no significant funding rounds recorded this week.
Source: Coingecko
The Ethereum price chart for the end of October highlights a downward trend, with the price falling below $2.5K and stabilizing around $2.45K. Consistent trading volumes indicate steady market activity, though bearish sentiment seems to be prevailing as the month concludes.
ETH stats that matter
- Gas Fee: Average transaction cost settled at $3.7.
- ETH Burned: A total of $16.9 million worth of ETH was burned.
- Revenue: Network revenue reached $15.8 million, indicating steady activity.
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