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
- Swiss Bank ZKB Enters Crypto Trading: Major Swiss bank ZKB has officially launched Bitcoin and Ether trading, marking a significant step for institutional involvement in crypto.
- CFTC Targets Uniswap: The CFTC has charged Uniswap with offering illegal derivatives trading on its decentralized exchange platform.
- Synthetix Launches New App Chain: Synthetix introduces a new app chain aiming for cross-chain liquidity, targeting SNX staking and perpetual futures markets.
- Ethereum Adviser Sues Over Extortion: An early Ethereum adviser has filed a $100M lawsuit against a law firm, alleging extortion in a cryptocurrency defense case.
Top Layer 2 Solution
- TVL: Arbitrum remains at the top with $2.5 billion in Total Value Locked.
- UAW: Base leads with 4.2 million unique active wallets, surpassing Arbitrum.
- Fees: Base continues to lead in fees collected, with $321K in transaction fees.
Funding
- Pencils Protocol: Raises $2.1M to advance its decentralized finance solutions.
Source: Coingecko
The Ethereum price chart for early September reflects a downward trend, with the price dropping below $2.3K. Despite several attempts at recovery, the overall market sentiment remains bearish, as trading volumes stay consistent throughout the week.
ETH stats that matter
- Gas Fees: Average gas fees settled at $1.21, reflecting stable network demand.
- ETH Burned: $5.9M worth of Ethereum was burned this week, signaling continuous network activity.
- Revenue: Ethereum generated $6.5M in transaction revenue.
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