Ethereum Watch

Advertisements Quick take: Development on the Ethereum network has reached a 7-month high This could be related to the continual DApp building in the DeFi industry Ethereum’s price in the crypto markets is once again flirting with $400 Ethereum’s development activity has reached a 7-month high. This is according to an analysis done by the […]

Advertisements Quick take: ETH2.0 could finally launch as early as November this year This is according to a developer update published on September 11th A launch in November could explain why Ethereum whales are accumulating ETH The price of ETH could very well break $400 and keep moving on up The launch of ETH2.0 has […]

Advertisements Quick take: Chef Nomi of SushiSwap has apologized for selling all his Sushi for ETH worth $14M He further explained his actions were driven by greed Chef Nomi has returned all the ETH back to the SushiSwap treasury He has requested the SushiSwap community to decide what compensation he deserves as the creator of […]

Advertisements Quick take: Ethereum whales seem unfazed by ETH’s recent drop in the crypto markets They have increased their holdings from 3.16 million to 5.8 million ETH in the past month Early September saw 68 new Ethereum whales joining the network with each holding 1k to 10k in ETH Ethereum whales have continued to accumulate […]

Advertisements Quick take: In the month of August, Transaction volume on the Ethereum network exceeded $24B The high network activity was driven by DeFi and DEXs on the Ethereum Network Ethereum transaction volume exceeded other smart contract platforms such as EOS and Tron The team at DAppRadar has released their August 2020 Dapp ecosystem report. […]

Advertisements Quick take: The total value locked in DeFi has dropped by 22% from its peak of $9.512 Billion The drop coincides with the recent crypto market sell-off that hit DeFi tokens hardest Additionally, the SushiSwap debacle might have accelerated an exodus of investors from DeFi The total value locked in DeFi platforms has taken […]

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 […]

Advertisements In summary: Ethereum’s price had shown signs of weakness as daily active addresses and network growth had started fading Furthermore, exchange wallets exploded to a 6-month high signifying a possible top for ETH Additionally, Ethereum’s correlation with Bitcoin has started to increase once again Ethereum is once again below the crucial $365 support level. […]

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 […]

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 […]