Ethereum Watch

Key Takeaways SushiSwap is a Uniswap copycat built with the idea of stripping power from VCs and returning it to the community. The creator, Chef Nomi, sold the project’s development fund (10% of supply) and transferred control to FTX’s Sam Bankman-Fried. Many people are working to revive SushiSwap, but the project’s reputation is tarnished forever. […]

Ethereum has faced a strong correction over the past few days that easily overshadows Bitcoin’s move. From the local highs near $490 to the local lows, the cryptocurrency fell by over 35%, shocking most investors as they were bullish just days before. Advertisements ETH has already bounced since falling as low as $315, undergoing a […]

Advertisements A better solution might come up before it even exists. High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network. DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph […]

Advertisements Quick take: The total value locked in DeFi has dropped by 22% from its peak of $9.512 Billion The drop coincides with the recent crypto market sell-off that hit DeFi tokens hardest Additionally, the SushiSwap debacle might have accelerated an exodus of investors from DeFi The total value locked in DeFi platforms has taken […]

Advertisements Quick take: The founder of Sushi Swap, Chef Nomi, sold all his SUSHI in what many believe was an exit strategy Chef Nomi has been compared to Charlie Lee of Litecoin (LTC) Despite the heavy backlash, Chef Nomi has maintained he did it for the community He has since transferred admin rights of SushiSwap […]

Ethereum has severely underperformed Bitcoin over recent days as bears have returned to the crypto market. The leading cryptocurrency has collapsed by 17% in the past 24 hours alone, falling below pivotal support levels. Advertisements ETH trades at $325 as of this article’s writing, far below the local highs around $490. $325, in fact, is […]

Key Takeaways Curve’s liquidity providers don’t actively participate in the governance process, which leaves decision-making in the hands of a few powerful stakeholders. While the latest reward boosting initiative improved the situation, it doesn’t solve the fundamental governance problem. Non-financial incentives are important for building long-lasting decentralized communities. Share this article Several yield farming schemes […]

Advertisements In summary: Ethereum’s price had shown signs of weakness as daily active addresses and network growth had started fading Furthermore, exchange wallets exploded to a 6-month high signifying a possible top for ETH Additionally, Ethereum’s correlation with Bitcoin has started to increase once again Ethereum is once again below the crucial $365 support level. […]

Advertisements Developers see the problem, but there is little they can do right now. An Ethereum All Core Devs call was held on Friday to discuss a variety of Ethereum Improvement Proposals as gas fees on the network remain historically high. The agenda included several discussion points on high gas prices and ways to mitigate […]

Ethereum has both benefitted and its rep been harmed from the recent explosion in farming for DeFi tokens. As investors poured liquidity into these tokens, sending and locking up so much ETH sent prices of the crypto asset soaring. But it also at the same time sent gas prices spiking even higher. Advertisements As investors […]