Ethereum Watch

Advertisements Quick take: According to Coinmetrics, the combined market cap of popular DeFi tokens has increased with Bitcoin’s recent surge The total value locked in DeFi is still above $13 Billion The total value locked in UniSwap has exhibited a sharp decline since it ended its token rewards program The DeFi realm of the crypto-verse […]

Advertisements Quick take: The Ethereum Foundation is calling on developers to help build the ETH2.0 Ecosystem This will be in the form of community grants ETH2.0 mainnet deposit address is live with Phase 0 staking currently at 13.61% Mid-last week, the Ethereum Foundation announced that it was launching a Community grants program geared towards building […]

Advertisements Quick take: The percentage of Ethereum being held on crypto exchange is at 13.35% of the total supply in circulation This value is the lowest since November 23rd, 2018 DeFi and preparation for ETH2.0 staking could be two reasons why this is so It could also indicate that whales are least likely to dump […]

Advertisements Quick take: Bitfinex’s CTO has suggested that crypto exchanges should run their own Ethereum nodes His comments were a recommendation after Ethereum’s infrastructure provider, Infura, went offline Crypto exchanges were temporarily forced to suspend ETH and ERC20 token withdrawals after a chain split occurred The root cause of the Ethereum chain split has been […]

Advertisements Quick take: The Yearn Finance (YFI) ecosystem is once again showing signs of life Yearn Finance’s transaction count hit a new all-time high of 11.3k on the 7th of November YFI has rebounded hard from a local low of $7,450 YFI value has once again exceeded that of Bitcoin at its current rate of […]

Advertisements Quick take: Binance CEO, CZ, has hinted that he will purchase 32 ETH He explained the Ethereum will be used to support ETH development 32 ETH is the minimum staking requirement on ETH2.0 ETH2.0 needs at least 16,284 validator deposits of 32 ETH each to trigger Phase 0 According to CryptoQuant.com, the ETH deposits required […]

Advertisements Quick take: Ethereum is once again attempting to break away from the market influence of BTC ETH’s correlation to Bitcoin has dropped significantly and is in territory last seen in early 2018 The correlation could continue to drop as staking of the 32 ETH required for ETH2.0 intensifies Ethereum’s value could eventually break $500 […]

Advertisements Quick take: Ethereum’s daily active addresses have increased significantly in the last few days Such high activity on the Ethereum network is accompanied by ETH gaining significant value ETH has since broken the $420 and $450 resistance zones and could just break $500 in the days to follow The launch of ETH2.0 Phase 0 […]

Advertisements Quick take: The total value locked on Uniswap is on track to break $3 Billion The Uniswap protocol recently celebrated its second anniversary Uniswap (UNI) might have finally bottomed in the crypto markets The Uniswap (UNI) protocol is on track to hit the $3 Billion mark in terms of total value locked on the […]

Advertisements In brief: The ETH holdings of the top 10 Ethereum whales has dropped to a 3 month low The drop could signify selling but could also be a case of adoption through numerous DApps At the same time, the number of addresses holding 100+ Ethereum has reached an all-time high Additionally, those holding 32+ […]