Ethereum Watch

Stablecoins, including sDAI and GHO, propelled Aave V3’s $100 million loan record. Assets staked on the protocol reduced in the last 24 hours. A whopping $100 million— that was the value of loans issued on Aave [AAVE] on Monday 28 August. The landmark, a record high, was reported by Lucas Outumoro,  IntoTheBlock’s Head of Research. […]

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Advertisements ETH’s recent pump waned and eased towards $1700 at press time.  Open Interest surged to $5 billion, last seen on 18 August, but later dipped. After an impressive pump on 29 August, Ethereum […]

Advertisements The number of ETH long-term holders surpassed BTC by more than 40 million. Bitcoin’s inability to offer a plethora of use cases contributed to the switch. As the top two most valuable cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH] have not had to deal with any strong competition to yank them off the standings. However, […]

Advertisements Lido’s TVL climbed by 1.28% in the last seven days, as ETH deposits on the protocol rose.  Its native token, LDO, however, experienced slow accumulation. The total value locked (TVL) in Lido Finance [LDO], a liquid staking protocol for Ethereum [ETH], increased by 1.28% in the past week, according to DeFiLlama. This represented the […]

Advertisements An increase in inter-chain transfer could temporarily increase ETH transaction fees. Volatility increased, meaning ETH’s value could decrease further. Over the last few weeks, a significant amount of Ethereum [ETH] has been moved from the Mainnet into other chains. The movements within the Ethereum network have been closely linked to the attention given to […]

Advertisements ETH’s value declined by more than 11% in the last 30 days. The supply locked in staking smart contract continued to hit new peaks. The month of August made Ethereum [ETH] shed all of its gains that it had been holding for more than a month. The king of alts fell steeply from its […]

Advertisements ETH flagged multiple signs indicating that it was ripe for a bullish takeover. ETH whales could be keeping the sell pressure alive. Ethereum [ETH] has been on a bearish streak since the second week of July. Its mid-August dip extended that downside, but now the bulls have been showing signs of exhaustion. Recent findings […]

Advertisements The total staked ETH was almost 28 million. Staked ETH currently makes up 21.8% of the total ETH supply. Ethereum [ETH] staking has developed a distinct trajectory, separate from the price trends. As more of the circulating supply gets locked up in staking, one particular metric is experiencing a decline. Is your portfolio green? […]

Advertisements Despite its price compression, ETH hit its highest whale activity in 16 weeks. If history repeats itself, ETH might drop to 2019 lows. Lately, Ethereum [ETH] has been witnessing a significant increase in network activity and accumulation. And the suspects in this regard have been whales who have found the coin dip to $1,650 […]

Advertisements ETH short positions have climbed to their highest level this year. Non-stop distribution amongst daily traders puts the coin at risk of further decline.  Short positions opened against leading altcoin Ethereum [ETH] across cryptocurrency exchanges reached their highest level so far this year, a day after the significant liquidity exit of 17 August.  How […]