Ethereum Watch

Advertisements Quick take: Tether (USDT) has launched on the Polygon (MATIC) network. Polygon’s DeFi ecosystem is set to benefit from Tether’s availability on the network. USDT issued on Tron continues to be higher than that issued on Ethereum. A total of $72.537 billion Tether is in circulation with the stablecoin remaining at the number three […]

Advertisements Quick take: Over 34 million addresses that hold ETH are in loss positions. The second-largest crypto is down over 10% in the last week. Other altcoins across the market are also down as the markets hit a lull. Ethereum’s transition to PoS could still happen in August despite the reorg attack on the Beacon […]

Advertisements Summary: USDC’s reserves are 77.1% ($39 billion) in US Treasuries and 22.9% in Cash ($11.6 billion) The reserves are worth $50.6 billion and match the amount of USDC in circulation Circle, the parent company of USDC, is committed to transparency and trust concerning the stablecoin The update on USDC’s reserves comes at a time […]

Advertisements Ethereum gas prices have soared as the ApeCoin token recorded staggering transaction and withdrawal volumes on popular decentralized exchange Uniswap. The governance token inspired by the highly-rated NFT collection Bored Apes Yacht Club has also experienced significant activity of crypto platforms like FTX. Due to massive surges in the trading activity of the ERC-20 […]

Advertisements Shiba Inu (SHIB) is now the third-largest consumer of gas on the Ethereum network This milestone is the result of ShibaSwap going live earlier today ShibaSwap is a decentralized exchange and DeFi protocol focusing on the Shiba Inu ecosystem Three tokens are at the core of ShibaSwap: SHIB, LEASH and BONE Shiba Inu (SHIB) […]

Advertisements Digital Currency Group will purchase shares of the Grayscale Ethereum Classic trust worth $50 million Digital Currency Group is the parent company of Grayscale Investments The purchase will not be immediate and will depend on numerous factors Ethereum Classic’s value has been hit hard by the ongoing crypto market pullback led by Bitcoin dropping […]

Advertisements DeFi users have stuck with Polygon despite lower gas fees on Ethereum DeFi on polygon continues to experience record growth due to its affordability Total DeFi users on MATIC have exceeded 420k On June 15th, the total value locked on Polygon hit an all-time high of $11.85 Billion DeFi users that have interacted with Polygon […]

Advertisements The Polygon (MATIC) development team has opened discussions for the implementation of EIP-1559 on its network MATIC has a fixed supply therefore implementation of EIP-1559 would mean restructuring payouts The development team proposes the implementation of EIP-1559 on Polygon without burning the base fee They propose that the base fee be sent to the […]

Advertisements Ethereum Classic’s Magneto Hard-fork will happen at block 13,189,133 The Ethereum Classic upgrade is estimated to occur on July 21st ETC’s Magneto upgrade will implement ECIP1103 alongside Ethereum’s Berlin upgrade components The Ethereum Classic (ETC) Network will undergo a network upgrade around the 21st of July. The upgrade, dubbed Magneto, will happen at block […]

Advertisements OKEx has integrated Polygon (MATIC) The integration opens the doors to faster and cheaper transfers of ETH and ERC20 tokens to the Polygon network 23 digital assets will benefit from the new efficiency brought about by integrating Polygon MATIC’s 50-day moving average is providing adequate support at the $1.30 price area The crypto exchange […]