Ethereum Watch

Advertisements Quick take: The amount of Ethereum held by the top 10 ETH whales has dropped from 16.4% of the total supply to 4.5% in one month This is a case of redistribution as more ETH addresses are created Whales transferring their ETH to ETH2.0 explains the redistribution further Ethereum is once again battling to […]

Key Takeaways AAVE begin its journey in 2017 under a different name, ETHLend. Since launching its mainnet, the DeFi protocol has become a mainstay in the crypto community. The protocol has now rolled out its herculean upgrade which includes three new key features. Share this article AAVE, the popular DeFi lending protocol, has released version […]

Ethereum cleared the $600 resistance level and tested the $625 zone against the US Dollar. ETH price is consolidating above $600 and likely setting up for the next move. Advertisements Ethereum settled above the key $600 resistance level and climbed towards $625. The price is currently consolidating near the $600 support and the 100 hourly […]

Advertisements Quick take: The amount of Ethereum locked in DeFi has dropped by 2.23 Million ETH since mid-November The current amount of ETH locked in DeFi is 6.7M compared to 8.929M in mid-November The drop coincided with ETH staking on ETH2.0 Staking on ETH2.0 might be a safer alternative to DeFi where rug pulls and […]

Advertisements This is a first for the traditionally Bitcoin-centric exchange. The Kraken cryptocurrency exchange announced that it would match $150,000 in donations to support open-source Ethereum projects on Gitcoin. Gitcoin is a developer-funding platform relying on a hybrid model of sponsored donations and direct community support. Through its quadratic funding model, community donations are used […]

Advertisements Popular crypto data provider Messari has predicted that roll-ups will beat out layer-one alternatives as the dominant scaling solution amid Eth2’s multi-year incubation. Crypto data aggregator Messari believes that roll-ups will beat out layer-one solutions in the race to scale Ethereum. Although Eth2’s beacon chain genesis successfully took place on Dec. 1, analysts predict […]

Ethereum found support above $580 and corrected higher against the US Dollar. ETH price is facing a strong resistance near the $600 and $602 levels. Advertisements Ethereum started a decent recovery wave above the $585 and $590 levels. The price is approaching the $600 barrier and it is above the 100 hourly simple moving average. […]

Advertisements Despite its recent Phase 0 launch, the fully realized transition to Eth2 could still be years away from completion. Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project’s transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and CEO of MyEtherWallet, Kosala Hemachandra, […]

Advertisements Quick take: The number of Ethereum addresses holding one or more ETH has hit a new all-time high of 1,174,377 The increase is due to the progress of ETH2.0 and the potential of staking Ethereum The popularity of DeFi is also behind the increment of addresses holding at least one ETH The value of […]

Advertisements Quick take: Total value locked in DeFi has risen by 2,000% in 2020 January had a total value locked of $0.67B compared to the current level of $14.74B The total value locked will soon break $15 Billion DeFi tokens have also experienced a bounce in the month of November This might be the beginning […]