Ethereum Watch

Advertisements Quick take: The founder of Sushi Swap, Chef Nomi, sold all his SUSHI in what many believe was an exit strategy Chef Nomi has been compared to Charlie Lee of Litecoin (LTC) Despite the heavy backlash, Chef Nomi has maintained he did it for the community He has since transferred admin rights of SushiSwap […]

Ethereum has both benefitted and its rep been harmed from the recent explosion in farming for DeFi tokens. As investors poured liquidity into these tokens, sending and locking up so much ETH sent prices of the crypto asset soaring. But it also at the same time sent gas prices spiking even higher. Advertisements As investors […]

Ethereum has been a stand out star in the crypto market in 2020. Even with the recent over 15% collapse, the top-ranked altcoin is up over 200% year to date and 350% from the Black Thursday bottom. Advertisements Since then, though, Ethereum has taken on a completely new life, it seems, driven by DeFi and […]

Advertisements In brief: Ethereum miners are earning an average of $800,000 per hour This value is up from yesterday’s peak of $500,000 High Ethereum network activity due to DeFi has led to a steady increment in ETH gas cost In the last 24 hours, Ethereum miners have earned an average of $800,000 per hour. This […]

Key Takeaways Teller Finance is set to integrate Chainlink data feeds and offer undercollateralized crypto loans. Lending pool liquidity providers earn interest on the loans. Share this article DeFi lending project Teller Finance has announced its upcoming integration with Chainlink. The oracle provider will provide Teller with three cryptocurrency price feeds via its Price Reference […]

Advertisements Quick take: Ethereum gas fees are at a record high This has resulted in many exchanges going at a loss with each withdrawal of ETH CZ has estimated exchanges are losing $10 – $20 with each Ethereum withdrawal He has hinted of a possible increment in Ethereum withdrawal fees on Binance if the issue […]

Advertisements Quick take: The team at Weiss Ratings believes that every crypto project wants to connect to Ethereum Their conclusion is based on the Flare Network building a new two-way bridge connecting XRP and ETH Ethereum has continued on its path of being the de facto smart contract platform DeFI has amplified interest in the […]

Advertisements Quick take: DeFi monthly active users have hit a new milestone of 292,000 in the month of August This is according to the team at Zapper.fi Furthermore, weekly active users have peaked at 99,686 Daily active users have almost hit 20k These figures dispel the notion that DeFi is only for whales The number […]

Advertisements Quick take: Ethereum’s correlation with Bitcoin has started to increase once again.  In late June and July, ETH looked set to break away from Bitcoin’s influence due to the DeFi boom and investors anticipating ETH 2.0.  With a return of the correlation between Ethereum and Bitcoin, a drop by BTC could see ETH retest […]

Advertisements In brief: Uniswap has edged out Tether (USDT) in terms of ETH gas consumption. In the last 30 days, traders on Uniswap V2 have paid $6.99M in ETH fees. The popularity of DeFi is one reason Uniswap is becoming popular. A quick glance at ETHGasStation.info reveals that Uniswap has edged out Tether (USDT) in […]