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
- Movement Labs Targets 1-Second L2 Finality: Movement Labs aims to deliver a 1-second finality for Layer 2 transactions by the end of 2024, as stated by its co-founder.
- Crypto Millionaire Loses $43 Million: A prominent crypto millionaire, Fickel, lost $43 million in a trading bet on Ether-Bitcoin.
- Etherscan Phishing Websites Top Search Results: DuckDuckGo’s search results have been found to rank phishing websites targeting Etherscan users.
- Vitalik Buterin Talks Ethereum Security: Vitalik Buterin emphasizes the importance of solo staking for Ethereum’s long-term security.
Top Layer 2 Solution
- TVL: Arbitrum maintains its lead with $2.5 billion in Total Value Locked.
- UAW: Base tops the charts with 5.9 million unique active wallets.
- Fees: Base edges ahead in fees collected, generating $309.7K.
Funding
- GasHawk: Raised $1.6M to advance its blockchain security solutions.
Source: Coingecko
The Ethereum price chart for mid-September shows a steady decline, with the price dipping below $2.3K and approaching $2.25K. Despite brief recoveries, the overall trajectory points to bearish sentiment, with consistent trading volumes highlighting investor caution.
ETH stats that matter
- Gas Fees: Average gas fees are at $1.52, indicating moderate demand.
- ETH Burned: $5.6M worth of Ethereum has been burned this week.
- Revenue: Ethereum network generated $5.8M in transaction revenue.
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