Ethereum Watch

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 […]

Advertisements Though the NFT trade count dropped, ETH NFTs’ trade volume in YSD increased. ETH was up by 2%, but selling pressure was increasing.  The Non-fungible Token [NFT] summer, when NFTs witnessed a boom in both volume and price, is now long gone. Read Ethereum’s [ETH] Price Prediction 2023-24 Regardless, Token Terminal’s latest tweet pointed […]

Advertisements To build an Ethereum DApp, utilize development tools, create secure smart contracts, design a user-friendly front-end and rigorously test it before deploying it. The Ethereum DApps ecosystem is thriving, and the potential for decentralized applications (DApps) is immense. Who wouldn’t want to participate?  Developers can now build applications with their own native coins or […]