L2 protocols on the Ethereum blockchain reached a monthly all-time high with Optimism and Arbitrum leading the front The Ethereum network was still struggling with sustaining a improved momentum Ethereum [ETH] layer-two (L2) protocols hit another landmark in proving its 2022 increased adoption as the gas consumption hit a monthly all-time high. This milestone […]
. Data from Glassnode revealed that the total supply of ETH held in smart contracts was 28.89%. This meant that a sizable number of the self-executing applications had been deployed on the Ethereum blockchain.While Ethereum might have experienced improved L2 activity, the network prevailed in disarray. As of this writing,showed that the network growth was 82,100.
In addition, the stock-to-flow- ratio of 274 meant that the ETH was scarce in supply. Hence, the coming days might not be able to produce an increased circulation of the altcoin.Subscribe to get it daily in your inbox.
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Can Ethereum [ETH] maintain its stability despite the hawkish circumstances?Ethereum’s burning rate was more than minting activities, resulting in a good supply rate Staking activities were actively operational, although it was insignificant to ETH’s price Ethereum [ETH] seemed to have sustained a good performance despite the unpleasant nature of the crypto market. This was the opinion of Easy OnChain, a CryptoQuant analyst. According to […]
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Protocols on Ethereum witness high activity, but what does it mean for ETHProtocols and Layer 2 solutions on Ethereum continue to improve However, Ethereum’s state declines as network growth and velocity go down Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for Ethereum, […]
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Chiliz [CHZ] finds favor with ETH whales but is it enough for a bullish pivot?ETH whales have started accumulating CHZ. Assessing the likelihood of a pivot after CHZ’s latest downside Chiliz‘s native cryptocurrency has been on a bearish trajectory for the last 10 days. It tanked by roughly 41% during this time, but the bears might be about to take a recess. According to a WhaleStats observation on 28 […]
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Lido Finance: LDO’s reaction to whale accumulation calls for vigilance because…Ethereum whales lit up interest in LDO as the token price increased The on-chain performance of Lido showed some shortfall. Hence, there might be a need for caution Lido Finance [LDO] garnered a 7.88% price increase in the last 24 hours following Ethereum [ETH] whales’ interest in the token. According to WhaleStats, LDO was one […]
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Safety concerns among reasons for new Calgary police gun range, chief says | CBC NewsA new $10 million shooting range for the Calgary Police Service will be built after council approved a budget which included funding for the project.
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Gold SWOT: UBS identifies three structural reasons in favor of goldCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
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