Ethereum Watch

Advertisements Use of Layer 2 solutions has risen in 2023. Leading platforms Optimism and Arbitrum closed the year with high network fees and revenue. Ethereum’s [ETH] network has grappled with scalability limitations for years. High transaction fees and network congestion have often prevented innovation and widespread adoption. For example, by May 2022, the average transaction […]

Advertisements Of all DeFi protocols, MakerDAO has seen the most revenue in 2023. This comes after it witnessed a significant TVL decline, and its DAI stablecoin briefly lost its peg. MakerDao [MKR] has emerged as the decentralized finance (DeFi) protocol with the most revenue in 2023, data from DefiLlama has shown. Advertisements Source: DefiLlama This […]

In a recent post on X, Sassal, an independent Ethereum educator, is doubling down on Ethereum (ETH). The angel investor said that based on current market sentiment, there are signals that the “death of ETH” narrative is losing steam. Advertisements This is a reason, in Sassal’s view, to buy even more ETH ahead of the expected bull […]

Ethereum might be the king of smart contracts and the world’s primary hub for decentralized finance (DeFi) and non-fungible tokens (NFTs) activity but onchain data suggests that Bitcoin is ahead in user engagement, interpreted by the number of daily active users, and network activity is at acceptable, healthy levels, reading from the number of daily […]

Advertisements A proposal for the launch of Aave’s V3 iteration on Base has been approved by community members. AAVE sees increased distribution, putting downward pressure on its price. Aave’s [AAVE] governance forum has approved a proposal to deploy the lending protocol’s V3 iteration on the new Layer 2 (L2) scaling network Base. How much are 1,10,100 […]

According to Etherscan data, the number of active ERC-20 addresses has not changed much in 2023. It has stayed between 200,000 and 300,000 while Ethereum prices stagnate below July 2023 highs. As of August 2, there were about 275,000 active ERC-20 addresses, up from 156,000 on June 18. Although activity has been low overall, there was […]

Advertisements Daily active addresses trading UNI drop to a one-month low. New demand for the alt token drives up its price by double digits in the past 30 days.  On-chain network activity for Uniswap’s governance token UNI has dropped to its lowest level in the last month, data from Santiment showed.  Is your portfolio green? […]

Advertisements EthereumPoW’S DeFi TVL has clinched an all-time low. Network data shows a decline in on-chain activity. Since the chain became operational nine months ago, the total value of assets (TVL) locked by decentralized finance (DeFi) protocols within EthereumPoW’s [ETHW] has declined by 97%, data from DefiLlama showed.   Is your portfolio green? Check out the ETHW […]

Advertisements A section of the Ethereum community proposed the ERC-7265 standard to reduce DeFi exposure to exploits. The approach has raised concerns about certain issues that DeFi is against. As the leading project in Decentralized Finance (DeFi), the Ethereum [ETH] community has taken it upon itself to curb the incessant attacks in the ecosystem. Dubbed […]

Advertisements Summary: A proposal on Aave DAO to move $3 million in ETH from the treasury into wrapped staked ETH and rocket pool ETH is active in the project’s governance forum. The proposal with 252,152 votes in favor argues that converting 1,600 ETH to liquid staking derivatives will earn higher yield for the protocol. Staking […]