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
- Donald Trump’s NFT Earnings: A new report reveals that Donald Trump made more than $7 million from NFTs, highlighting the former president’s profitable venture into the world of digital assets.
- Tron Outpaces Ethereum: Over the last 90 days, the Tron network has outperformed Ethereum in terms of earnings, signaling its growing dominance in the blockchain space.
- Vitalik Buterin’s Charity Donation: Ethereum co-founder Vitalik Buterin has donated over $500,000 in coins with animal-themed tokens to charity, continuing his philanthropic efforts.
- Brazil to Launch Solana ETF: Brazil is set to introduce the world’s first Solana ETF, positioning itself as a key player in the evolving cryptocurrency market.
Top Layer 2 Solution
- TVL: Arbitrum leads with the largest Total Value Locked at $2.7 billion, maintaining its dominance.
- UAW: Base takes the lead with 3.5 million unique active wallets, indicating a broad user base.
- Fees: Base leads in fees, collecting $442.5K, underscoring its efficiency and popularity in processing transactions.
Funding
- Chaos Labs: Raised $55M to enhance its decentralized finance security protocols.
- Essential: Secured $11M for further expansion and development of its blockchain technology.
Source: Coingecko
The Ethereum price chart from late August displays noticeable volatility, with the price moving sharply but ultimately hovering around $2.65K. The frequent ups and downs highlight ongoing uncertainty in the market, though it remains within a relatively narrow range.
ETH stats that matter
- Gas Fees: Settled at $1.6, reflecting the current network demand.
- ETH Burned: $4.9M worth of Ethereum has been burned, indicating robust network usage.
- Revenue: Generated a total of $5.05M this week, highlighting ongoing transaction activity.
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