Ethereum Watch

Advertisements In brief: The team at Weiss Ratings has cautioned investors against using Tether (USDT) They cite that USDT is not 100% backed by fiat and Tether is running like a fractional reserve bank They recommend USDC which is subject to constant audits and 100% backed DAI is also an alternative given its transparency via […]

Advertisements Quick take: Ethereum’s adjusted transfer of value (7-day average) has exceeded that of Bitcoin ETH accomplished this feat on the 6th of September and has continued to increase its lead The Ethereum network continues to process over 1 Million transactions per day setting an all-time high of 1.4 Million on September 17th when UniSwap […]

Advertisements In brief: Ethereum balances on exchanges have seen a drastic drop since the popularity of DeFi in August Ethereum investors continue to lock their ETH in smart contracts in DeFi protocols ETH volume on Decentralized exchanges is also growing drastically Ethereum price could once again attempt to revisit $400 In an earlier analysis, it […]

Advertisements Quick summary: Over 15% of the Ethereum supply is locked in smart contracts This comes at a time when the total value locked in DeFi is about to hit a new milestone of $10 Billion In a sense, Ethereum is carrying the entire crypto market right now Over 15% of the Ethereum (ETH) total […]

Advertisements Quick take: Timothy Peterson has predicted that Chainlink will exhibit early Bitcoin returns of 300 – 400% per year The value of LINK is very much linked to the adoption of the ChainLink network More crypto projects continue to integrate ChainLink technology Timothy Peterson has also foreshadowed a possible bottom for LINK in late […]

Advertisements Quick take: UniSwap is now the leading DeFi protocol in terms of Total Value Locked At the time of writing, $1.94 Billion is locked in Uniswap UniSwap’s TVL has eclipsed Aave, Curve Finance, Maker and Yearn Finance However, the UNI token is in the midst of a correction in the crypto markets The launch […]

Advertisements Quick take: The team at Cream Finance (CREAM) will burn 67.5% of the token supply 6,075,000 CREAM tokens will be destroyed The activity will be done tomorrow Sept. 20th The activity is bound to have a positive impact on the value of CREAM In an unprecedented move, the team at Cream Finance (CREAM) has […]

Advertisements Quick summary: Ethereum miners are reaping big from ETH fees due to DeFi Their earnings from transaction fees have surpassed those being earned on the Bitcoin network Additionally, the amount of Bitcoin being wrapped on Ethereum continues to grow The value of Ethereum (ETH) is destined to grow with the increased network activity Ethereum […]

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Advertisements Quick take: Effective today, Coinbase Pro will start to pass network fees directly to their customers Of particular interest, is the Ethereum network that has seen an upsurge in ETH gas fees due to DeFi The latest gas fee hike on the Ethereum network was due to users claiming the UniSwap (UNI) token In […]