Ethereum Watch

Advertisements Quick take: The team at Weiss Ratings believes that every crypto project wants to connect to Ethereum Their conclusion is based on the Flare Network building a new two-way bridge connecting XRP and ETH Ethereum has continued on its path of being the de facto smart contract platform DeFI has amplified interest in the […]

Advertisements Quick take: DeFi monthly active users have hit a new milestone of 292,000 in the month of August This is according to the team at Zapper.fi Furthermore, weekly active users have peaked at 99,686 Daily active users have almost hit 20k These figures dispel the notion that DeFi is only for whales The number […]

Advertisements Quick take: Ethereum’s correlation with Bitcoin has started to increase once again.  In late June and July, ETH looked set to break away from Bitcoin’s influence due to the DeFi boom and investors anticipating ETH 2.0.  With a return of the correlation between Ethereum and Bitcoin, a drop by BTC could see ETH retest […]

Advertisements In brief: Uniswap has edged out Tether (USDT) in terms of ETH gas consumption. In the last 30 days, traders on Uniswap V2 have paid $6.99M in ETH fees. The popularity of DeFi is one reason Uniswap is becoming popular. A quick glance at ETHGasStation.info reveals that Uniswap has edged out Tether (USDT) in […]

Advertisements In brief: OMG’s price seems to be running out of gas in the crypto markets. Its price surge came as a result of Tether announcing it was issuing USDT on the OMG network. As a result, OMG shot to an all-time high value of $9.80 and a few cents shy of $10. However, its […]

Advertisements In brief: According to Timothy Peterson, Ethereum could lose up to 50% of its value in the next 12 months.  He explains that ETH’s long term growth rate only supports an annual appreciation of 30%. Ethereum had a hard time keeping up with Bitcoin as BTC pumped above $12k. ETH’s price is slightly above […]

Advertisements In summary: Friday’s crypto market opened in the red with Bitcoin dipping to as low as $11,600. Ethereum also dipped to the $400 support area with LINK continuing on its slow correction. OMG and ZRX are two digital assets in the green. OMG’s rise is due to Tether issuing USDT on its network. On […]

Advertisements Quick summary: 2020 will go down in crypto history as being the year of DeFi. Several DeFi projects have made the headlines due to their popularity amongst Yield Farmers. They include Compound, Yearn, Yam, Curve and Just, just to name a few. With new DeFi projects being launched every day, the future of DeFi […]

Advertisements Quick take: The DeFi boom has led to high ETH fees on the Ethereum network.  The team at CoinMetrics has concluded retail users are being locked out of DeFi by these high ETH fees. Whales are one category of investors who are comfortable with parting with high Ethereum fees.  The discussion regarding high Ethereum […]

Advertisements Quick take: ETH fees on the Ethereum network have continued to skyrocket. Yield Farming on DeFi platforms is one reason ETH fees are high. Some users of Ethereum believe such high fees are unsustainable. Ethereum (ETH) has however sidestepped the fud and broken the $400 price ceiling. The DeFi boom has had a positive […]