Ethereum's Layer 2 networks now process nearly 30 million transactions daily, accounting for 94% of all Ethereum ecosystem transactions. This surge in Layer 2 activity supports a market rotation favoring Ethereum, Layer 2 tokens, and DeFi assets, with major networks like Base and Arbitrum securing significant capital. Despite the high transaction volume on Layer 2s, most DeFi capital remains on Ethereum mainnet, highlighting a split where Layer 2s handle activity while mainnet holds capital and settlement functions. This dynamic underpins recent gains across Ethereum-related tokens beyond just ETH price movements.
On October 22, Bitcoin and Ethereum ETFs experienced a combined net outflow of $746.4 million, reversing the previous day's inflows. Bitcoin ETFs alone saw $635.6 million withdrawn, led by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin ...
U.S. spot Ether (ETH) exchange-traded funds experienced significant net outflows of $110.6 million on October 22, following a brief inflow of $14.9 million on October 21 that failed to offset losses from the previous five sessions. From October 14 to...
Ethereum's development team has postponed the Glamsterdam upgrade on the Hoodi test network because of security concerns related to changes in gas rules that might affect existing smart contracts. This delay raises questions about the network's stabi...
An Ethereum wallet that had been inactive for 9.5 years transferred 3,000 ETH to the Kraken exchange on October 22. When these tokens were withdrawn from Gemini in 2017, they were valued at $19 each, totaling about $56,000. The current value of the t...
Bitcoin dropped to around $81,000 amid a tech sector sell-off that pressured risk assets, including cryptocurrencies. Despite this, institutional demand remains strong, with US spot Bitcoin ETFs seeing $528 million in inflows over three days, led by ...
