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
- Synthetix to Add Chainlink When v3 Exchange Launches on Arbitrum: Synthetix has announced that it will integrate Chainlink oracles once its v3 exchange goes live on Arbitrum. This partnership aims to enhance the reliability and efficiency of synthetic assets trading on the platform.
- Vitalik Buterin Backs Proposed ERC-7683 for Cross-Chain Trade Standards: Ethereum co-founder Vitalik Buterin has shown support for the proposed ERC-7683 standard, which is designed to facilitate more seamless cross-chain trading, addressing current limitations and setting a new benchmark for interoperability.
- Franklin Templeton’s Tokenized Money Fund Launches on Arbitrum: Financial giant Franklin Templeton has launched a tokenized money market fund on Arbitrum, signaling a significant step towards the adoption of blockchain technology in traditional finance sectors.
- Grayscale, Bitwise, NYSE American Apply to List Options on 3 Ether ETFs: Grayscale, Bitwise, and NYSE American have collectively applied to list options on three Ether ETFs, reflecting growing institutional interest in Ethereum-based investment products.
Top Layer 2 Solution
- TVL: Arbitrum leads with the largest Total Value Locked at $2.6 billion, maintaining its strong position in the Layer 2 landscape.
- UAW: Base takes the lead with 2.7 million unique active wallets, indicating its wide user base.
- Fees: Arbitrum leads in fees, collecting $1.4 million, showcasing its popularity in processing transactions.
Funding
- Cartridge: Secured $7.5M to expand its blockchain gaming ecosystem and further develop its platform.
Source: Coingecko
Ethereum’s price chart for mid-August shows relative stability with minor fluctuations, maintaining an average around $2.6K. This suggests a period of consolidation following recent sharp movements, with trading volumes indicating continued market interest.
ETH stats that matter
- Gas Fees: Settled at $4, reflecting the current network demand.
- ETH Burned: $18.8M worth of Ethereum has been burned, indicating robust network usage.
- Revenue: Generated a total of $18.2M this week, highlighting ongoing transaction activity.
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