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🪙 Ethereum Clocks Worst Month in Over Two Years Ethereum had its worst month in over two years as a series of factors, from exchange-traded funds (ETFs) outflows to lack of mainnet activity, are conspiring to produce a very bearish bull market. ETH dropped 22% in August, the worst monthly performance since Terra’s implosion in June 2022, when the asset plummeted 45%. Meanwhile, Bitcoin dropped 8% in the same month, while the rest of the cryptocurrency market’s capitalization declined by 5% to $2.1 billion from $2.2 billion. #Write2Earn! #Write2Earn #write2earn
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🪙 Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise Currently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Despite ethereum (ETH) facing challenges against bitcoin (BTC) and solana (SOL) throughout 2024, its network remains the reigning champion in the world of defi value. #Write2Earn! #Write2Earn #write2earn
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Ethereum's Gas Fees Remain Low While Network Turns Inflationary According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting around 0.972 gwei as of press time. Additionally, ultrasound.money data reveals that Ethereum’s issuance rate is currently inflationary, clocking in at 0.734% per year. #Write2Earn! #Write2Earn #write2earn
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🪙 Vitalik Buterin Moves Millions in Ethereum Sparking Debates About ETH Sales Ethereum co-founder Vitalik Buterin has once again transferred a large amount of ETH, sparking fresh discussions within the crypto community. According to a report from Lookonchain, Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. Shortly after, 190 ETH from this wallet was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar. #Write2Earn! #Write2Earn #write2earn
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Ethereum research team numbers surge 2,100% since 2019 The brainpower behind Ethereum development skyrocketed by over 2,100% during the past five years, flashing a positive sign for the world’s second-largest blockchain network. The researchers behind the Ethereum network grew from just around 25 in the first quarter of 2019 to a peak of around 550 in the first quarter of 2024, marking a 2,100% increase. #Write2Earn! #Write2Earn #write2earn
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