Ethereum
Ethereum bulls might struggle for momentum at press time, but other onchain data points to interesting developments. While ETH is trading above $2,400 but capped by determined sellers, IntoTheBlock data shows that nearly 30% of all circulating ETH has been staked. Over 34.4 Million ETH Staked In 9 Months As of October 8, IntoTheBlock analysts…
Ethereum is at a critical juncture after failing to break above the $2,500 mark yesterday, leaving investors uncertain about its next move. As the broader crypto market anticipates a rally, Ethereum traders closely monitor signs of strength within the network. Despite recent price struggles, there are promising signals from the blockchain. Key data from IntoTheBlock…
On-chain data shows the Ethereum whales have been participating in constant distribution for the last six months, a sign that’s not ideal for ETH. Ethereum Accumulation Trend Score Has Been Red For Cohorts As A Whole As analyst James Van Straten pointed out in a new post on X, the Accumulation Trend Score has been showing a grim…
A new Ethereum Improvement Proposal (EIP), EIP-7781, introduced on October 5 by Illyriad Games co-founder Ben Adams, could significantly boost Ethereum’s transaction throughput by reducing the network’s slot time from 12 seconds to 9 seconds. The proposed change is aimed at increasing transaction throughput by approximately 33%. The motivation behind the proposal is to better…
The crypto market recently suffered a significant downturn due to the escalating geopolitical tensions in the Middle East, with several large-cap assets shedding their recently-accrued gains over the past week. Specifically, the price of Ethereum crashed from above $2,600 to as low as $2,300 at some point during the week. This represents a fresh setback…
Ethereum remains by far the largest smart contracts platform by market cap. Perched at second in the market cap leaderboard, the network hosts dapps cutting across multiple sectors. While the Metaverse, gaming, and NFT activities have since dissipated, DeFi stands, looking at the steady recovery in total value locked (TVL), according to DeFiLlama. DeFi Leads…
Digital currencies like Ethereum and Bitcoin are leading the way in the growing recognition of crypto assets as decentralized money. However, a market expert believes that ETH might be the true standard of decentralized money, providing unmatched programmability and flexibility in contrast to other cryptocurrencies. Ethereum Is Much More Than Decentralized Money Anthony Sassano, an…
Following the Solana 1,000% run-up in 2023 and its re-entry into the crypto top 10 by market cap, it has been pitched against Ethereum once again. This was further propelled by the fact that Solana saw its blockchain activity surpass Ethereum’s, and even bringing in more revenue at a time. However, one place where Ethereum…
On-chain data shows that Ethereum transaction fees have been rising again recently. Here’s what could be behind this trend. Ethereum Average Fees Has Registered A Notable Uptick Recently In a new insight post, the on-chain analytics firm Santiment talked about how the Ethereum network has recently become more expensive. The metric of interest here is…
Hong Kong regulators are reportedly close to approving staking features for spot Ethereum exchange-traded funds (ETFs). This development comes as the region continues its efforts to establish itself as a crypto hub. Andrew Vranjes, Blockdaemon’s Head of International and Vice President, recently spoke on this potential approval during an interview at Token2049 in Singapore. Vranjes…
