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
- Ethereum’s ‘Surge’ Milestone: Vitalik Buterin announced that Ethereum Layer 2 solutions could soon reach over 100,000 transactions per second (TPS) thanks to the upcoming ‘Surge’ upgrade.
- Accumulation Wallets on the Rise: The amount of ETH held in accumulation wallets has jumped by 65% since the start of 2024, reflecting increasing investor interest.
- Freedom Factory Unveils ethOS Hardware: A new mobile hardware solution for the Ethereum ecosystem, named ethOS, has been launched to provide a seamless on-the-go experience.
- Chainlink’s Private Blockchain Initiative: Chainlink introduces private blockchain transactions for institutions, catering to growing demand for confidentiality in DeFi.
Top Layer 2 Solution
- Total Value Locked (TVL): Base leads with $3.7 billion.
- Unique Active Wallets (UAW): Base dominates with 7.1 million active wallets.
- Fees Collected: Base outperforms with $1.2 million in fees.
Funding
- Predicate: Secured $7 million to boost its smart contract automation tools.
- Solv Protocol: Raised $22 million for its tokenized asset management platform.
Source: Coingecko
The Ethereum price chart for mid-October shows a gradual upward trend, culminating in a sharp breakout above $2.5K. Trading volumes have increased, signaling strong buying interest and a shift in market sentiment towards a more bullish outlook after weeks of consolidation.
ETH stats that matter
- Gas Fee: Average transaction cost settled at $4.6.
- ETH Burned: Ethereum saw $33.1 million worth of ETH burned due to sustained network activity.
- Revenue: Network revenue reached $31.8 million, showing strong engagement across DeFi protocols.
Found value in the insights shared here? Check out our YouTube and Twitter, loaded with content meant to educate and entertain.
Follow our Telegram for a sneak peek at alpha; for an even deeper dive, join our Patreon community, where we share exclusive alpha for you to be the ‘early bird.’
Follow us today, and let’s explore Web3 togethe
