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Ethereum

Ethereum

ETH

$3,075.11
+5.85%
Global Average
ETH/USD
$2,744.06
$3,098.98
Rank
2
Market Cap
$362.88B
Circulating Supply
117.69MM ETH
Volume (1D)
$20.72B

Signals

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Ethereum News
Technical
Ethereum News
Jason Hamlin, Ecosystem Insights

When EIP-1559 was introduced to Ethereum last month, it was supposed to slow down the rate at which the supply of ETH grows. But over the last 24 hours, the supply of ETH isn't growing at all. It's shrinking. $ETH decrypt.co/80222/more-ethereum-has-been-burned-than-minted-past-24-hours

More Ethereum Has Been Burned Than Minted in the Past 24 Hours - Decrypt
EIP-1559, which allows transaction fees to be burned, was supposed to bring deflationary pressure to the Ethereum network. It's working.
decrypt.co
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Ethereum News
Technical
Ethereum News
Jason Hamlin, Ecosystem Insights

A bug affecting older versions of a major Ethereum client is causing those nodes to split from the main network. This affects around 54% of Ethereum nodes. $ETH Read More: www.theblockcrypto.com/post/115822/bug-impacting-over-50-of-ethereum-clients-leads-to-fork

Bug impacting over 50% of Ethereum clients leads to fork
A bug in older versions of an Ethereum network client has split those nodes off from the rest of the network.
theblockcrypto.com
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Ethereum News
Technical
Ethereum News
Jason Hamlin, Ecosystem Insights

Blockchain analytics firm CryptoQuant reported that Ethereum reserves on trading platforms dropped from 26.29 million ETH to 19.22 million ETH year-on-year (YoY), indicating that traders' preference to hold their tokens increased. In addition, 92,595 ETH have been burned to date following Ethereum's London hard fork upgrade. Traders view these metrics as bullish for the Ethereum price. $ETH cointelegraph.com/news/ethereum-supply-shock-exchange-eth-reserves-continue-to-fall-after-a-26-drop-in-2021

Ethereum supply shock: Exchange ETH reserves continue to fall after a 26% drop in 2021
Ethereum reserves on trading platforms dropped 26.29 million ETH to 19.22 million ETH. Supply squeeze underway?
cointelegraph.com
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Ethereum News
Technical
Ethereum News
Jason Hamlin, Ecosystem Insights

Visa has bought a digital avatar in the form of a non-fungible token (NFT) for $150,000 in Ethereum to support the burgeoning investment realm and further build its “collection of historic commerce artifacts.” The financial institution bought CryptoPunk #7610. A total of 10,000 CryptoPunks have been minted and are considered to be original NFTs. The one Visa bought is one of 3,840 “female” punks. $ETH www.bloomberg.com/news/articles/2021-08-23/cryptopunk-nft-prices-visa-buys-digital-avatar-7610-for-150-000-in-eth

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Ethereum News
Technical
Ethereum News
Jason Hamlin, Ecosystem Insights

The Ethereum 2.0 staking contract has become the largest holder of the ETH with 6.9 million ETH ($21.3 billion worth). Wrapped ETH (WETH) comes in second, holding 6.7 million ETH ($20.6 billion). $ETH www.coindesk.com/ethereum-2-staking-ether-holder

Ethereum 2.0 Staking Is Now Largest Ether Holder at $21.3B - CoinDesk
According to Etherscan, the top account by balance is Eth 2.0 holding 6.9 million ETH. Wrapped ethereum holds 6.7 million ETH.
coindesk.com
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Ethereum News
Technical
Ethereum News
Jason Hamlin, Ecosystem Insights

Ethereum's London hard fork has activated at block 12,965,000 and EIP-1559 is now active. This latest backward-incompatible hard fork also marked the rollout of five new Ethereum Improvement Proposals (EIPs). EIPs 1559, 3554, 3529, 3198, and 3541 are code upgrades that aim to improve the Ethereum network’s user experience and value proposition. The adjustment changes the way transactions are processed on Ethereum by providing clear pricing on transaction fees in ether paid to miners to validate transactions and "burning" a small amount of those tokens. The burned tokens will be permanently taken out of circulation. EIP 1559 will also introduce greater block size variance, meaning block sizes can fluctuate up to two times the current maximum limit during times of high network congestion. Over $1 million in ETH has already been burned (as gas fees) in less than 2 hours. $ETH www.coindesk.com/ethereum-hotly-anticipated-london-hard-fork-is-now-live

Ethereum's Hotly Anticipated 'London' Hard Fork Is Now Live - CoinDesk
The London hard fork rolls out five new EIPs that aim to improve the Ethereum network’s user experience, value proposition and more.
coindesk.com
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Ethereum News
Technical
Ethereum News
Jason Hamlin, Ecosystem Insights

Ethereum is outperforming other cryptocurrencies this year and total exchange volume has shot up 1,461% to $1.4 trillion. This is mainly down to institutions having more interest in decentralized finance. $ETH decrypt.co/77102/ethereum-trading-volume-growth-outpacing-bitcoin

Ethereum Trading Volume Growth Outpacing Bitcoin in 2021: Report - Decrypt
More money than ever before is being pumped into Ethereum thanks to institutional investors, a new Coinbase report says.
decrypt.co
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Ethereum News
Community
Ethereum News
Jason Hamlin, Ecosystem Insights

Blockchain investment firm QR Capital is to list an ethereum exchange-traded fund (ETF) on Brazil’s stock exchange after winning approval from the markets regulator. $ETH www.coindesk.com/first-latin-american-ethereum-etf-to-list-on-brazil-stock-exchange

Ethereum ETF to List on Brazil's Stock Exchange - CoinDesk
Blockchain investment firm QR Capital will list an ethereum ETF on Brazil's stock exchange after winning approval from the markets regulator.
coindesk.com