Ethereum Watch

Ethereum [ETH] has seen a surge in its count of daily active addresses. The past few days have been marked by increased ETH accumulation. On 28 November, for the first time since 15 October, the number of unique addresses that traded Ethereum [ETH] daily clinched a high of 497,300 addresses, data from Santiment showed.  Advertisements […]

L2 protocols on the Ethereum blockchain reached a monthly all-time high with Optimism and Arbitrum leading the front The Ethereum network was still struggling with sustaining a improved momentum   Ethereum [ETH] layer-two (L2) protocols hit another landmark in proving its 2022 increased adoption as the gas consumption hit a monthly all-time high. This milestone […]

Protocols and Layer 2 solutions on Ethereum continue to improve However, Ethereum’s state declines as network growth and velocity go down Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for Ethereum, […]

Ethereum addresses holding more than 100 ETH increased in the past weeks Staking rewards and the current price of ETH might be a motivation for the increased accumulation The price of Ethereum [ETH] has fluctuated between extreme highs and lows during the last few months, making investors less eager to invest in the coin. Nevertheless, […]

MakerDAO has offered to integrate the Optimism chain on its network subject to community approval Its stablecoin, DAI, has remained top of supply on the protocol, and could also be impacted by the integration MakerDAO’s [MKR] mission to enable its users to get better incentives seems to have taken another turn with a proposed Optimism [OP] […]

ETH staking and validator count growth remained unaffected as the market grappled with the FTX’s collapse There was, however, a slight fall in daily earnings per validator on the chain Seventy days since it became operational, the sudden collapse of FTX did not impair activities on the Ethereum proof-of-stake [POS] network. This, according to a […]

Binance Pool added Ravencoin [RVN] to its list of supported tokens, as per the latest announcement made on 23 November. Binance Pool will be charging 1% fees for its RVN pool. Advertisements It was only in October that the cryptocurrency exchange launched a funding pool worth $500 million. This was to lend to distressed mining […]

ETH’s press time market structure stood hounded by the bears Immense selling pressure could push funding rates further into the negative territory   Ethereum [ETH] broke through several support levels and plunged even lower as FUD spread around the alleged FTX exploiter dumping ETH for BTC. The alleged FTX exploiter sold 50,000 ETH for BTC over the […]

Binance’s CEO shared a solution to help avoid exchanges using customer funds as presented by Vitalik Buterin BNB continues to prevail in static positions, according to its on-chain information The CEO of Binance, CZ, agreed with Vitalik Buterin that Centralized Exchanges (CEXes) needed to produce public evidence showing user safety. Of course, CZ had initially […]

AAVE witnesses renewed interest from whales However, lack of demand may dampen the state of AAVE in the long run  In the first half of November, AAVE crashed to sub-$60 price levels. Its performance last week indicated a low demand of enough bullish momentum for a sizable recovery. However, that observation might be about to […]