Tag: ethereum network

Apr 11 2021

Compound (COMP) hits $10B in Total Value Locked, a First for DeFi

Compound (COMP) finance becomes the first DeFi project to exceed $10 Billion in total value locked $51.8 Billion is currently locked on Ethereum based DeFi projects The allure of yield farming has resulted in a drop in the amount of Ethereum sitting in crypto exchanges Over $22 Billion in Ethereum is locked in the various DeFi protocols The lending platform of Compound (COMP)...

Mar 26 2021

Ethereum has Had Positive Returns for 10 of the last 12 Months

In brief: Ethereum's monthly returns have been positive for 10 of the last 12 months Ethereum is well on its way towards closing March on a positive note The recent dip to $1,537 could set the pace for Ethereum retesting $2k in April The digital asset of Ethereum has had a volatile few days and the turmoil might have caused many traders to...

Mar 19 2021

Ethereum Reserves on Crypto Exchanges Hit a 2 Year Low

Summary: Ethereum reserves on crypto exchanges have hit a 2 year low Ethereum continues to be locked in DeFi and the ETH 2.0 deposit contract NFT marketplaces are also pushing up the demand of ETH outside crypto exchanges The institutional accumulation of ETH is evident with Grayscale adding 47,895 Ethereum in the last 30 days Ethereum balances on crypto exchanges continue to decrease...

Mar 13 2021

Ethereum 2.0 Deposits Hit an All-time High of $6.568 Billion

In summary: Ethereum 2.0 deposit contract now holds 3.493 Million ETH worth roughly $6.568 Billion The value of these deposits will continue to increase as Ethereum charts a course above $2k The Ethereum community is ready to transition into a Proof-of-Stake algorithm The amount of Ethereum deposited to the ETH 2.0 contract has hit a new all-time high of 3.493 million ETH. This...

Mar 07 2021

Ethereum’s EIP-1559 & Stimulus Checks Could Send ETH Back Above $2k

Quick take: Ethereum's EIP-1559 is scheduled for implementation this July during the London hardfork EIP-1559 includes the implementation of a BASEFEE that will be burnt with each transaction Burning of the BASEFEE makes Ethereum a deflationary asset EIP-1559 coupled with incoming $1,400 stimulus checks, could send Ethereum back above $2k Ethereum's EIP-1559 is scheduled for implementation this July alongside the London hard fork....

Feb 21 2021

14.7% of Ethereum’s Circulating Supply has Been Dormant for 2 – 3 Yrs

In brief: Ethereum's supply last active 2 - 3 years ago has hit 16.884 million ETH This amount is a 9-month high for Ethereum and 14.7% of its circulating supply Ethereum recently broke the $2k price ceiling and set a new all-time high of $,2,042 - Binance rate The weekly close is a few hours away and Ethereum will be battling to retain...

Feb 19 2021

Is Pancakeswap the New Uniswap? Why PancakeSwap Is Surging & What’s Next?

The growing influence of Binance Smart Chain (BSC) amid skyrocketing gas fee on Ethereum network has not just sent Binance Coin (BNB) the...

Feb 14 2021

ETH Held By Top 100 Whale Exchange Addresses Drops to 27 Month Lows

Quick take: ETH held by the top 100 Ethereum whale exchange addresses has dropped to levels last seen 27 months ago The drop is inversely correlated with the price of Ethereum The number of Ethereum addresses holding 10k ETH or more has continued to increase Ethereum could be eyeing $2k very soon The amount of Ethereum held by the top 100 whale exchange...

Jan 30 2021

ETH and Ethereum Based Stablecoins Settled Over $1.6T in 2020

Summary: ETH and Stablecoins running on Ethereum settled over $1.6 Trillion in 2020 The three major stablecoins driving transaction volume on Ethereum are Tether (USDT), USDC and DAI Stablecoins are a bridge between traditional finance and crypto markets ETH, together with stablecoins running on the Ethereum network settled over $1.6 Trillion in transactions last year. This is according to a report by the...

Dec 18 2020

Ethereum Staked on the ETH 2.0 Deposit Contract Hits $1B in Value

Quick take: The value of Ethereum staked on the ETH2.0 deposit contract has hit $1B in value There is 1.54 Million Ethereum staked on ETH2.0 Ethereum deposits to the contract seem to be entering a plateau phase If ETH2.0 was ranked as a DeFi project, it would be in the top 10 in terms of value locked Ethereum looks set to break $700...

Dec 15 2020

Number of Ethereum and Bitcoin Non-Zero Addresses Hit New ATH

Quick take: The number of non-zero addresses on both the Ethereum and Bitcoin network is continually increasing Both have hit an all-time high of 50.651M for ETH and 32.925M for Bitcoin Such activity on both networks is a clear sign of investor interest as well as the adoption of each digital asset Price appreciation is sure to continue for both Ethereum and Bitcoin...

Nov 29 2020

Ethereum’s Price Could Rapidly Rise to $750 – Crypto Analyst

Quick take: According to crypto analyst MagicPoopCannon, Ethereum could be on a path to test $750 If $750 is broken, Ethereum could very well push higher to $830 His analysis is based on Ethereum moving within a parallel channel since February this year Ethereum will continue facing pullbacks but a retest of its all-time high is possible The month of November is quickly...

Nov 27 2020

Ethereum’s ETH2.0 Deposits Hit 148% of Required 524,288 ETH

Quick take: Ethereum investors continue sending ETH to the ETH2.0 staking contract This is despite the minimum threshold of 524,288 ETH been met 775,232 ETH is currently locked in the contract which is 148% of the required amount According to Weiss Ratings, the high deposits means everyone wants to get onboard Continual deposits is a clear sign of investor confidence in Ethereum The...

Nov 14 2020

Percentage of Ethereum Held on Crypto Exchanges Drops to a 2 Yr Low

Quick take: The percentage of Ethereum being held on crypto exchange is at 13.35% of the total supply in circulation This value is the lowest since November 23rd, 2018 DeFi and preparation for ETH2.0 staking could be two reasons why this is so It could also indicate that whales are least likely to dump their ETH, at least in the short term The...

Nov 11 2020

Crypto Exchanges Should Run Their own Ethereum Nodes – Bitfinex CTO

Quick take: Bitfinex's CTO has suggested that crypto exchanges should run their own Ethereum nodes His comments were a recommendation after Ethereum's infrastructure provider, Infura, went offline Crypto exchanges were temporarily forced to suspend ETH and ERC20 token withdrawals after a chain split occurred The root cause of the Ethereum chain split has been identified as an introduction of new code without a...

Nov 06 2020

Ethereum Holdings of the Top 10 ETH Whales Drops to a 3 Month Low

In brief: The ETH holdings of the top 10 Ethereum whales has dropped to a 3 month low The drop could signify selling but could also be a case of adoption through numerous DApps At the same time, the number of addresses holding 100+ Ethereum has reached an all-time high Additionally, those holding 32+ ETH and 0.1+ ETH have also hit an all-time...

Nov 04 2020

Ethereum is Set to Launch ETH2.0 Phase 0 on December 1st

Summary: ETH2.0 Phase 0 will be launched on the 1st of December v1.0 of ETH2.0's specifications are available online The mainnet deposit contract address is live A minimum of 16,384 32 ETH validator deposits are required 7 days prior to December 7 to trigger the genesis event of ETH2.0 The team behind the development of Ethereum's ETH2.0 has released an update on the...

Ethereum’s ETH2.0 Deposit Contract is Reportedly Live on GitHub

Summary: An Ethereum ETH2.0 deposit contract has been launched on GitHub There has been no official announcement from Ethereum developers The launch has been overshadowed by the US Election saga If the deposit contract turns out to be legitimate, the highly anticipated ETH2.0 is now a go A few hours ago, what seems like the Ethereum deposit contract for ETH2.0, was launched on...

Nov 01 2020

The DeFi Market is Driven by Professional Users – Report

Summary: Retail users make up a vast majority of DeFi users but professionals move the market Fund sent to DeFi platforms from retail users are usually below $10,000 Most of the value sent to DeFi platforms comes from transfers above $10k and from professional users 47% of the total value sent to DeFi platforms comes from transfers above $100k Total value locked in...

Oct 11 2020

Report: Ethereum (ETH) Holds 96% of Total Transaction Volume in DeFi

Summary: Ethereum continues to dominate the DeFi ecosystem In Q3 2020, Ethereum held 96% of DeFi's total transaction volume Dapps that account for the majority of the total transaction volume were Uniswap, MarkerDay and Curve The team at DappRadar has released Q3's Decentralized Finance Report in which they analyze Dapp activity on the several blockchains of Ethereum (ETH), Tron (TRX), EOS, IOST, Ontology...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: