Ethereum Watch

Ethereum network just witnessed the highest value of transaction fees being spent on a single transaction. According to an on-chain data provider, Ether scan noted that on block number 10237208, a transfer of 0.55 Ether which was worth $133.87, was transacted for a fee of 10,668.73185 ether or $2.596 million. Advertisements Source: Glassnode Advertisements This […]

The trend in the crypto market is often compared with Bitcoin [BTC] to define progress. However, Ethereum’s [ETH] on-chain metrics have been noticing a pump independent of Bitcoin market performance. According to data provider Glassnode, on 7 June, Ethereum’s daily network fees surpassed bitcoin’s fees. As Bitcoin fees continued to plummet to $308k, ETH’s fees […]

In the wider Ethereum ecosystem, DeFi has witnessed significant success over the last year. The Total value locked [USD] in DeFi skyrocketed to $1.25 billion on February 13th. This did not last long as it witnessed half of its value disappear along with the entire crypto-asset class shortly. The TVL in DeFi was reduced to […]

The ongoing developments associated with Ethereum 2.0 are real and significant. Advertisements The 2.0 testnet which was introduced back in April 2020 received a lot of reception off the bat as the number of addresses with 32 ETH spiked, evidence of the rush to become validators on the Ethereum 2.0 network. Consistent rewards of 4.6% […]

Ethereum‘s price movement since the start of June has triggered various alterations in the market. On-chain metrics were evidently indicating various trends but some of them had peculiar differences. Advertisements Source: Skew Advertisements Glassnode’s recent chart brought everyone’s attention to the recent increase in Ethereum price as a percentage of Bitcoin’s price. At the moment, […]

Ethereum witnessed a turbulent start in June 2020. Advertisements Over the past 4 days, the second-largest token has reached as high as $253 in the charts but registered a massive pullback to $225 within 5 hours. On-chain metrics were reacting to such turbulence and the level of activity in terms of movement was significant. Advertisements […]

March witnessed a rather flat month with respect to the institutional capital as volumes across the derivatives platforms stagnated. The following month saw interest surging to an unprecedented level with big institutional platforms such as Bakkt and CME breaking previous records and marking new all-time highs. Advertisements In a recent development, the cryptocurrency fund investment […]

Bitcoin‘s scalability debate has been ongoing for years now with talks of SegWit, Lightning Network, Taproot/Schnorr signatures. Ethereum, on the other hand, has also been working on its scalability issue. ETH 2.0 upgrade is touted as a “two-in-one solution” for Ethereum’s scalability and privacy issues. Once Ethereum successfully completes ETH 2.0 upgrade, Bitcoin will face […]

Ethereum and Cardano are the two titans of the crypto industry when it comes to constant developments, however, in recent times, Cardano seems to have overtaken ETH in terms of protocol rollouts. With their recent Shelly rollout, Cardano is indeed one of the most efficient ecosystems in the crypto community. Advertisements IOHK CEO and Co-founder […]

The strong correlation between Bitcoin and Ethereum has led the second-largest cryptocurrency to follow a similar price movement as BTC. Even though ETH was reporting a loss of 4.18% of its value in May, the traders in the market were bullish on the upcoming future of the market. Advertisements According to data provided by skew, […]