Ethereum Watch

Advertisements Quick take: The number of non-zero addresses on both the Ethereum and Bitcoin network is continually increasing Both have hit an all-time high of 50.651M for ETH and 32.925M for Bitcoin Such activity on both networks is a clear sign of investor interest as well as the adoption of each digital asset Price appreciation […]

Advertisements Quick take: 10.7% of Ethereum 2.0 validator deposits are from Kraken Coinbase and Bitfinex hold 5.8x more Ethereum than Kraken 2 crypto exchange could control 1/3 of the validators, 5 exchanges could control 1/2 of the validators 1.436 Million ETH is locked in the deposit contract with more being sent daily 10.7% of the […]

Advertisements Quick summary: Total Value Locked in DeFi recently breached $15B before dipping back to$14B levels The current total value locked stands at $14.66 Billion DeFi’s total value locked has a chance at breaching $20B before year’s end DeFi tokens are also posting impressive triple-digit gains and high trade volume The total value locked in […]

Advertisements In summary: Grayscale Investments has accumulated 388,714 ETH in 30 days This is the equivalent of $215.7 Million using an Ethereum value of $555 Grayscale’s Ethereum trust now has $1.61 Billion in Ethereum holdings ETH2.0 staking might be one reason for the accumulation Staking might be a good way to utilize all that Ethereum […]

Advertisements Quick take: Ethereum’s correlation to Bitcoin had dropped to as low as 0.42 in late November Such levels were last seen in 2018 Ethereum’s correlation to Bitcoin has since increased to 0.75  This is an increment of 178% in two weeks Ethereum’s price is once again in bearish territory However, a bounce is likely […]

Advertisements Quick take: The amount of Ethereum held by the top 10 ETH whales has dropped from 16.4% of the total supply to 4.5% in one month This is a case of redistribution as more ETH addresses are created Whales transferring their ETH to ETH2.0 explains the redistribution further Ethereum is once again battling to […]

Advertisements Quick take: The amount of Ethereum locked in DeFi has dropped by 2.23 Million ETH since mid-November The current amount of ETH locked in DeFi is 6.7M compared to 8.929M in mid-November The drop coincided with ETH staking on ETH2.0 Staking on ETH2.0 might be a safer alternative to DeFi where rug pulls and […]

Advertisements Quick take: The number of Ethereum addresses holding one or more ETH has hit a new all-time high of 1,174,377 The increase is due to the progress of ETH2.0 and the potential of staking Ethereum The popularity of DeFi is also behind the increment of addresses holding at least one ETH The value of […]

Advertisements Quick take: Total value locked in DeFi has risen by 2,000% in 2020 January had a total value locked of $0.67B compared to the current level of $14.74B The total value locked will soon break $15 Billion DeFi tokens have also experienced a bounce in the month of November This might be the beginning […]

Advertisements Quick take: Binance and Coinbase have announced their intention to launch ETH2.0 staking Staking on Coinbase will be launched in early 2021 ETH2.0 Staking on Binance will start tomorrow, December 2nd, with participants receiving BETH: a token redeemable with ETH when ETH2.0 launches ETH2.0 staking will most likely be a common feature on other […]