Ethereum Updates

Quick take: The total value locked in DeFi protocols has just hit a new all-time high of $34.2 Billion This is partly due to Bitcoin, Ethereum and several Defi tokens such as Uniswap, gaining value this week According to the team at Weiss Ratings, the potential for growth in DeFi is enormous The DeFi realm

Quick take: Ethereum daily transaction fees just hit an all-time high of $22 million This exceeds Bitcoin’s record of $21.4 million for daily fees Ethereum has also hit an all-time high of $1,695 – Binance rate Grayscale has accumulated 47k ETH in the last 24 hours and 70,791 ETH since it opened subscriptions this week

Summary: Grayscale has added 24,796 ETH to its Ethereum Trust This translates to roughly $38 million in Ethereum Grayscale currently manages $27.5 Billion in digital assets The bullishness surrounding Ethereum has led to ETH futures open interest hitting an all-time high of$5.4B Yesterday, the Wall Street firm of Grayscale Investments purchased 24,796 ETH to add

Quick take: Ethereum has just posted a new all-time high of $1,500 At the same time, the value of ETH staked on ETH 2.0 hits $4.3 Billion February is a bullish month for Ethereum and this could be the beginning of more gains Ethereum has just set a new all-time high of $1,500 – Binance

Quick take: Ethereum has been consolidating around the $1,350 support zone for close to a week This area will be crucial during tonight’s weekly and monthly close Ethereum has a big month ahead with Grayscale opening its ETH fund to subscriptions The CME Group also launches its ETH futures on the 8th of February Galaxy

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.

Quick take: Uniswap (UNI) has just been added to the Bitwise 10 Large Cap Crypto Index The protocol now owns the @Uniswap and @UniswapProtocol handles on Twitter Uniswap has been live for over 818 days with zero downtime and $75 Billion in trading volume UNI has just set a new all-time high of $16.40 The

Quick take: Flare Networks will integrate DogeCoin (DOGE) before its mainnet launch This will allow DogeCoin to be used with EVM based smart contracts DogeCoin (DOGE) has experienced an impressive pump to a new ATH of $0.028 and rising DogeCoin holders are asking ‘when $1 DOGE’ The team at Flare Networks has announced that they

Quick take: Pantera Capital CEO has stated that the firm is bullish on Ethereum (ETH) and Polkadot (DOT) This is due to the amount of DeFi projects built on both networks Pantera Capital has increased its non-bitcoin and non-Ethereum share from 16% to 21% Its Liquid token fund is long 62% on non-bitcoin and non-Ethereum

Quick take: The number of Uniswap whales holding 100k or more UNI now stands at 237 This is a 16% increment in 3 weeks Uniswap (UNI) has just set a new all-time high of $13.17 – Binance rate Liquidity on Uniswap also hit a new all-time high of $3.53 Billion Uniswap’s fundamentals point towards a

Quick take: Ethereum investors withdrew 659k ETH from crypto exchanges in One Hour on January 22nd This could be the largest net outflow of Ethereum from crypto exchanges in a 24 hour period Ethereum has reclaimed $1,300 and looks set to flip $1,350 into support once again Ethereum investors withdrew 659,000 ETH from crypto exchanges

Quick take: Ethereum whales holding 10k or more ETH increased in number by 32 in 30 days The total number of addresses in this category has also reached a 13-month high ETH balances on exchanges continue to drop and are at a 13-month low All these fundamentals point towards a bullish future for Ethereum as

Quick take: SushiSwap whales holding over 100k SUSHI have increased by over 74% in 2 weeks SUSHI’s value has more than doubled since the beginning of the year SushiSwap usage is high with the protocol being the 5th largest consumer of ETH gas SushiSwap is also the sixth-largest DeFi protocol in terms of Total Value

Quick take: Ethereum whales holding 10,000+ ETH increased from 1,211 to 1,225  The increment was experienced after Ethereum hit a new all-time high However, smaller Ethereum addresses have taken profits Ethereum is still above $1,200 despite Bitcoin suffering a minor dump The number of Ethereum whales holding 10,000 or more ETH increased by 14 from

Quick take: Pantera Capital believes that the launch of the CME Ethereum futures legitimizes ETH to institutional investors Staking on Ethereum 2.0 provides less sell pressure for ETH Ethereum has kicked off 2021 on a bullish note that could continue throughout the year The launch of the CME Ethereum futures is less than three weeks

Quick take: Deribit has just announced the addition of the ETH $20k strike to its December 2021 options contracts Such a strike price points towards a demand for such a product by Ethereum bulls Ethereum has just set a new all-time high of $1,438 and looks keen to keep moving up The crypto derivatives exchange