Ethereum Watch

Public testnet launched before Shanghai upgrade activation. There was an increased interest from validators in the Ethereum ecosystem. The launch of Ethereum‘s Zhejiang testnet on 1 February marked an important milestone in the journey towards the Shanghai upgrade. Advertisements Zhejiang is different from previous Ethereum testnets as it is open to the public, allowing anyone […]

2 February saw ETH hit $1,713 for the first time in four months. The inflow of ETH into exchanges exceeds the outflow signifying sell pressure. Ethereum [ETH] experienced a price increase before the close of the trading session on 2 February, bringing it to its highest level in more than four months. How did traders […]

There was a notable increase in the number of ETH burned, but miner revenue declined. Ethereum’s development activity prevailed in highs as Shanghai upgrade draws near. The EIP-1559 proposal was approved as a solution to congestion of the Ethereum [ETH] network. Reportedly, the proposal will also help the blockchain with token deflation. The activity somewhat […]

Ethereum’s price went up by over 40% since January. Network growth, however, declined. With a price increase of over 40%, Ethereum [ETH] had a successful January. Although short-term investors can consider this a success, would it be advantageous to hold the asset for the foreseeable future? Advertisements Read Ethereum’s [ETH] Price Prediction 2023-24 ETH sees a […]

In January, ETH’s supply decreased by 10,145.72 units. February might be marked by a price decline.  According to data from Ultrasound Money, in January, Ethereum’s [ETH] supply decreased by 10,145.72 units, resulting in a net deflationary value of approximately $16 million. As of this writing, the current total supply of ETH stood at 120,515,752, with […]

Due to the fall in prices of some native coins, Lido’s TVL declined in the last week. The buying pressure for LDO has declined significantly, and a price drawback might be on the horizon. Lido Finance [LDO], a prominent liquid staking protocol, experienced a drop in its Total Value Locked (TVL) in the past week […]

Interest in ENS domain names remains at a minimum.  The rally in ENS’ price since the year began has put many of its holders in profit. According to data from Dune Analytics, the interest in .eth domain registrations has remained low, with only 53,359 Ethereum Name Service (ENS) registrations recorded thus far in the current […]

Ethereum-based NFTs on OpenSea saw its highest monthly sales volume since August 2022. OpenSea saw increased activity in the last 30 days. With Blue Chip non-fungible tokens (NFTs) collections at the forefront, the year has so far seen a resurgence of interest in profile-picture (PFP) NFTs.  Advertisements Ethereum-based NFT sales have soared to a four-month […]

Ethereum (ETH) total value staked has surpassed 15.9 million. The increase in the value of ETH might be a major contributor to the increase in stake inflow. Since the merge, validators have been able to contribute to network security by staking their Ethereum [ETH]. However, the total amount of ETH that has been staked has […]

Ethereum addresses with a non-zero balance rise to reach an all-time high. The king alt’s percent supply in profit also crossed over the 60 mark. Over the years, there has been a growth in Ethereum [ETH] addresses, and the most recent merging has further stoked curiosity. While the price of Ethereum declined for the majority […]