Ethereum Watch

Advertisements Summary: Uniswap’s trading volumes for Ether skyrocketed to $1.21 billion, beating centralized exchange Binance. $31 billion worth of transactions happened at decentralized exchange venues over the past week. “Not your keys, not your coins” crypto participants echo as FTX’s crash unravels further. Decentralized cryptocurrency exchange Uniswap facilitated over $1.21 billion in Ethereum transactions as […]

Advertisements Summary: Layer 2 transactions on Ethereum’s blockchain hit a new seven-day high, Orbiter Finance data showed. Orbiter’s dashboard recorded over 5.78 million transactions between October 27 and November 2. Arbitrum led the L2 pack with around 46.59% of layer 2 transactions carried out on the protocol. Transactions on Ethereum’s mainnet only exceeded L2s by […]

Advertisements A recent meeting held by Ethereum’s lead developers has led crypto investors to speculate how the Shanghai update will impact the token’s future price. The Shanghai update is scheduled to be deployed in the second quarter of 2023. Ethereum is all set to undergo another crucial upgrade dubbed “Shanghai,” which will play an elemental […]

Advertisements Ether’s price has spiked by about 15% in 24 hours, with the crypto now hovering at around $1,532. Ether had been under $1,500 for over a month. CFTC Chairman Rostin Behnam recently said that he didn’t think Ether was a security. This could have contributed to the price bump. Ether bulls also appear to […]

Advertisements BitMEX co-founder Arthur Hayes has high hopes for Ethereum, saying that competitors like Solana would not beat it. Hayes is bullish on Ethereum because of the amount of development going on in its ecosystem, which he says is more important than transactions per second or lower gas fees. Ethereum does beat other networks on […]

Advertisements Ethereum whales are busy accumulating ETH despite the ongoing bear market crunch  According to crypto analytics firm Santiment, Ethereum whales have collectively pocketed 3.3 million worth of ETH tokens in the past month. Data acquired from crypto analytics firm Santiment has revealed staggering observations regarding Ethereum whales. The data notes that Ethereum whales are […]

Advertisements Ethereum’s on-trend supply has dropped to levels significantly in the last 30 days  According to Ultrasound money, Ethereum has remained deflationary for the past month. The supply of Ethereum’s native token ETH has documented a drop in its on-trend supply, projecting a deflationary asset pattern. Ethereum On-Trend Supply Is Dropping. Ethereum’s deflationary pattern has […]

Advertisements Fidelity Digital Assets will allow its clients to buy and sell Ethereum from next week onwards. The new feature was disclosed to customers via email.  Ethereum’s transition to proof-of-stake likely contributed to this decision. The digital asset manager has been hiring aggressively in a bid to double its global headcount. Fidelity Digital Assets, the […]

Advertisements Ripple announced phase one of its EVM sidechain for XRP Ledger developed by Peersyst.  The sidechain will enable the deployment of Ethereum-based smart contracts on Ripple’s XRP Ledger The EVM-compatible sidechain is currently live on XRP Ledger devnet. Full deployment of the sidechain is expected in the second quarter of 2023.    Ripple has started […]

Advertisements Summary: The rate at which Ethereum’s network churns out new Ether tokens on a daily basis has dropped by a staggering 97% following the proof-of-stake upgrade in September. Per Delphi Digital’s analysis, net daily emissions have dropped from over 12,000 tokens before the Merge to under 4,000 ETH post-merge. The pattern marks a milestone […]