Ethereum Watch

The average transaction fee for Ethereum (ETH) has declined to $7.34 from $20 at the height of last month’s meme coin frenzy. Advertisements Decentralized exchange (DEX) volumes partially drove the surge in Ethereum fees while traders waited for centralized exchange listings. DEX Meme Coin Volumes Drove Ethereum Fees in May Uniswap recorded higher trading volumes […]

On-chain data shows the ten largest whales on the Ethereum network are now holding 31.8 million ETH, a new all-time high. Advertisements Ethereum Holdings Of Top 10 Whales Have Now Surpassed August 2015 ATH According to data from the on-chain analytics firm Santiment, the largest ETH whales have grown their supplies recently. The largest whales […]

Advertisements Besides Ethereum, Bitcoin’s meme frenzy via Ordinals has steeply declined from its high in May. The average gas fee — transaction fee — on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) […]

Advertisements Bitcoin’s voyage into the NFT market has made it a strong contender for Ethereum’s position. The migration of some Solana NFTs to Polygon has negatively affected its volume. Sales of various assets in the NFT world significantly surged as the usual suspect, Bored Ape Yacht Club [BAYC], registered the most volume. With $18.16 million, […]

Advertisements The U.S. debt ceiling decision propelled S&P 500 and gold prices, surpassing Bitcoin and Ethereum. Bitcoin and Ethereum were trading at a profit on a daily timeframe at press time. In a fascinating turn of events, the prices of the S&P 500 and gold have taken a leap, outshining Bitcoin [BTC] and Ethereum [ETH]. […]

Advertisements ETH use in DeFi is down due to an uptick in staking, but rapid growth in LSDfi could be a bull market catalyst. Ether’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative […]

Bankrupt crypto lender Celsius is restaking its withdrawn staked Ethereum, further elongating the staking activation queue. Advertisements 21Shares researcher Tom Wan said bankrupt Celsius Staked 396,000 Ethereum during the first two days of this month. $1 Billion in On-Chain Flows Blockchain analytical firm Arkham Intelligence corroborated this, saying the bankrupt lender’s asset movements have totaled almost […]

Advertisements The reported deal comes just a few days after CoreWeave announced an additional $200 million worth of funding via an extended Series B funding round. Microsoft has reportedly signed a deal with former Ethereum miner CoreWeave to use its cloud computing infrastructure to support its artificial intelligence (AI)-powered services. According to a June 1 […]

Advertisements Ethereum’s supply on and outside of exchanges changed little over the last week. ETH’s price increased by over 1.5% in the last 24 hours, and indicators were bullish.  After crossing the $1,900 mark, Ethereum’s [ETH] price has once again settled under that zone. Glassnode’s data revealed that a reason behind this could be a […]

Celsius, a popular lending platform, has made significant moves in staking Ethereum (ETH) as they stake almost $1 billion worth of the cryptocurrency. According to the Blockchain intelligence company Arkham Intel, In the past 24 hours alone, Celsius has staked over $600 million worth of ETH, with no signs of slowing down. This represents a […]