Ethereum Watch

Advertisements Members of Lido’s governance body are considering a new proposal to discontinue the protocol’s operations on Polygon.  The demand for MATIC has plummeted in the past ten days.  In the wake of Lido Finance’s [LDO] withdrawal from the Solana [SOL] network, a proposal has surfaced among community members to sunset the liquid staking protocol […]

Advertisements ETH retail demand soars to new historic level as addresses with non-zero balances soar. ETH whales were on-board with accumulation but demand remained weak. The Ethereum network continues to grow especially with the help of layer 2 networks despite the lengthy crypto winter. So much so that it has now achieved a new milestone […]

Ether (ETH), the second-largest cryptocurrency by market capitalization, has been on a downward trajectory for the past three months. Despite a brief fake-out rally, ETH has struggled to regain its footing in the crypto market. Advertisements The recent rally, though short-lived, has brought about interesting developments in the derivatives market. While Bitcoin’s open interest (OI) […]

Advertisements Ethereum’s supply held by wallets with over 1 million ETH was over 32% at press time. ETH was still around the $1,500 range with a minor addition in value. Billionaire Ethereum [ETH] holders have been actively accumulating assets, and their wallets have just reached a new all-time high. It is pertinent to note that […]

Advertisements The protocol, which had 526 Ether in total value locked, was emptied in an attack on Oct. 18. Ethereum decentralized finance (DeFi) protocol Hope Lend has next to zero assets left in its protocol after a devastating hack. According to multiple blockchain security firms, on Oct. 18, two individuals — a frontrunner who beat […]

Advertisements “Restaking” involves reusing staked Ether to earn fees and rewards. The restaked tokens can then help secure and validate other protocols. But many fear restaking could disrupt Ethereum’s chain itself. Ethereum restaking proposed by middleware protocol EigenLayer is a controversial innovation over the past year that has some of the brightest minds worried about […]

A crypto wallet owned by the Ethereum founder Vitalik Buterin has seen a series of transactional activities lately, piquing the interest of crypto community members at a time when Ethereum selling pressures are rising.  Advertisements Following this, Buterin has taken the initiative to address the concerns regarding his recent transfer of digital assets to multiple […]

Advertisements The LSDFi sector’s total value locked has grown 5,870% since January as ETH holders seek better yields. The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has seen a surge in growth this year as Ether (ETH) holders chose to stake rather than liquidate. Despite ETH withdrawals being enabled with the Ethereum Shapella upgrade in […]

Advertisements Blockchain data from Etherscan suggest Scroll’s mainnet was live over a week ago. Scroll, a new contender in the zero-knowledge Ethereum Virtual Machine (zkEVM) space that works to scale the blockchain, has confirmed the launch of its mainnet. The team behind Scroll announced the launch in an Oct. 17 post and added that existing […]

Advertisements The validator queue on Ethereum has dropped to a record low. Staking APY has continued to decline in the past few months. The Ethereum network [ETH] validator queue has emptied for the first time since the network’s transition to the proof-of-stake (PoS) consensus mechanism in September 2022, according to data from Validator Queues. Advertisements […]