Ethereum Watch

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Advertisements Decentralized financial markets (DeFi) have made a remarkable recovery since the mid-March COVID-19 crash. So much so, that the total locked value has again surpassed $1 billion. The DeFi ecosystem took a big hit three months ago when the Ethereum price crashed by 50%, wiping out a considerable amount of locked-up crypto collateral. The […]

The cryptocurrency club is becoming exclusive, with countries around the world in a race to put forward their version of a central bank digital currency [CBDC]. China is the only country that has announced the launch of its Digital Currency Electronic Payment [DCEP] this year, with the same already in its testing phase. While the […]

Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing.Despite the utter collapse in the market, the underlying network has seen dramatic growth. Data […]

Advertisements A new Ethereum “gas token” can help users save on fees by storing cheap gas in periods of inactivity, using a clever contract trick that refunds gas when freeing storage. Ethereum (ETH)’s fees are hard-coded to only be payable in Ether, but a clever trick with smart contracts allows users to effectively pay for […]

The trend in the crypto market is often compared with Bitcoin [BTC] to define progress. However, Ethereum’s [ETH] on-chain metrics have been noticing a pump independent of Bitcoin market performance. According to data provider Glassnode, on 7 June, Ethereum’s daily network fees surpassed bitcoin’s fees. As Bitcoin fees continued to plummet to $308k, ETH’s fees […]

Advertisements Daily Ethereum network fees have surpassed those of the Bitcoin network and the gap is growing, recent data suggests. Daily Ethereum network fees surpassed those of the Bitcoin (BTC) network for two consecutive days on June 6 and June 7, data obtained by on-chain market analysis firm Glassnode shows. According to Glassnode, on June […]

In the wider Ethereum ecosystem, DeFi has witnessed significant success over the last year. The Total value locked [USD] in DeFi skyrocketed to $1.25 billion on February 13th. This did not last long as it witnessed half of its value disappear along with the entire crypto-asset class shortly. The TVL in DeFi was reduced to […]

Advertisements Ethereum has recorded higher daily total network fees than Bitcoin for two consecutive days. The rare event indicates increased activity and growing adoption for the network. On June 6, Ethereum’s daily total network fees topped that of Bitcoin. Ethereum has accrued an average daily network transaction total of roughly $502,000 and $546,000 on June […]

Bitcoin may be down 50% from its all-time highs, but Ethereum has registered an even more harrowing performance. Even after rallying approximately 175% from the March lows, the asset remains more than 80% below its all-time high of $1,430.Some have remarked that the asset’s inability to recover is a death knell for Ethereum bulls, but […]