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
- Cross-Chain Tunnels for Bitcoin and Ethereum: A Bitcoin core developer is working to unite Bitcoin and Ethereum through cross-chain tunnels, enabling deeper integration between the two major blockchains.
- Shezmu Recovers Hacked Funds: Crypto lender Shezmu successfully negotiated to recover hacked funds, demonstrating the importance of decentralized finance security measures.
- Aethir Partners with Filecoin: Aethir has partnered with Filecoin to address GPU shortages and enhance AI capabilities within the blockchain ecosystem.
- Eclipse to Launch ‘Solana on Ethereum’ L2: Eclipse has announced plans to launch its new Layer 2 solution, targeting October, which aims to bring Solana-like performance to the Ethereum ecosystem.
Top Layer 2 Solution
- TVL: Arbitrum leads the pack with $2.6 billion in Total Value Locked.
- UAW: Base dominates with 7.2 million unique active wallets.
- Fees: Base edges out in fees collected with $456.6K this week.
Funding
- Hemi Network: Raised $15 million to accelerate Layer 2 scalability solutions.
- Limitless: Secured $3 million to continue expanding its decentralized ecosystem.
Source: Coingecko
The Ethereum price chart for late September shows a strong upward momentum, with the price climbing steadily from below $2.3K to over $2.6K. Increased trading volumes signal rising market confidence, as Ethereum regains strength after a period of declines.
ETH stats that matter
- Gas Fees: Settled at $2.6, reflecting stable network activity.
- ETH Burned: Ethereum burned $22.2 million worth of ETH, showcasing continued transaction volume.
- Revenue: The network generated $20.8 million in revenue, underscoring robust activity.
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