This weekly recap on Ethereum is for information purposes only, not investment advice. The recap will briefly summarize the outstanding activities of Ethereum over the past week from April 25– May 01. The short-term BTC down last week led the whole market to go down. The Ethereum ecosystem has also been hit hard. Let’s go to the numbers in more detail.
Network Growth
Daily Transactions
Daily transactions on Ethereum from April 25 – May 01 is at a current level of 8.13M transactions. Up 2.2% (last week’s total transaction is: 7.624M). The highest number of 1,716,600 transactions was on Sunday, May 9, 2021. The lowest number of 1,329 transactions was on Sunday, August 9, 2015. Transactions on Ethereum increased in volume, explaining this figure in the past week, the market was downtrend on short term, trading orders increased significantly plus the news that the Fed raised interest rates made the market panic sell-off. Sellers are afraid to drop much, buyers hope for the bottom, so transactions increased in the past week.
Daily Transactions On Ethereum – Source: etherscan.io
Unique Addresses
Ethereum Cumulative Unique Addresses is at a current level of 194.930M and a daily increase of 71,816 addresses, Up ~0.33% (last week’s total Unique Addresses is: 194.28M). The chart shows the total distinct numbers of address on the Ethereum blockchain and the increase in the number of address daily. The index shows us total address increased slightly compared to previous weeks. Although the market is not stable but many people still put ETH in their portfolios and use Ethereum chain to transactions in game or NFT. According to etherscan.io, between April 25 – May 01, Ethereum has added 643,616 new and unique addresses on its network.
Unique Addresses On Ethereum – Source: etherscan.io
Active addresses
The daily active address count is 464,873 address with a received count: of 337,909 address and sends count of 289,415 address . The active addresses have a slight reduce compared to last week 466,386 address ). This is understandable because the market was in a short-term downtrend last week, so addresses that haven’t made any new moves are observing until the trend becomes clearer.
Total Value Locked
Total value locked on Ethereum still taking 1st place with 55.57% ~ $111b. With constant development and innovation, ETH is still the chain with an outstanding number of DAPPs. Dapps built on Ethereum are increasing day by day and gaining attention because of Ethereum’s security and scalability.
Highlight Events
Rango x optimismPBC
Rango Exchange, the First Multichain Dex/Bridge Aggregator, has successfully integrated with optimismPBC into Rango’s multi-chain protocol. This integration will enable users of the other blockchains to easily complete swaps and from any token in the optimismPBC ecosystem like osmosis, DAI this is cross-chain swap.
More information at CLICK HERE
Frontier adds support for 6 new chains
Frontier is thehe simplest and safest way to access Decentralised Finance(DeFi) on Ethereum, Binance Smart Chain, Polygon, Arbitrum and more. With Frontier, you are in control of your assets, Frontier is a non-custodian wallet you have sole control of your private keys, which in turn control your cryptocurrency and prove the funds are yours. While there is no need to trust a third party when using a non-custodian wallet, this also means that you are solely responsible for not losing your keys and requires that you take your own precautions to protect your funds. You can earn passive income on your crypto by staking or suppling assets in DeFi apps and explore web 3.0 from a single place.
They adds support for 6 new chains, making your multi-chain adventure seamless and mobile. Including: Fantom, Arbitrum, Optimism, Aurora, Metis, Boba Network.
More information at CLICK HERE
Boba Network x Olympus
Olympus is a decentralized storage Protocol based on the OHM token – collateralized and backed by the Olympus DAO (Protocol Controlled Value – PCV). Each OHM token will be backed by a pool of assets (eg DAI, FRAX, vlCVX, WETH..) in Olympus, which will keep the value of OHM stable and not depreciate like other tokens. Understandably, Olympus is a community-owned, decentralized and censorship-resistant reserve currency that is deeply liquid, asset-backed, and used widely across Web3.
More information at CLICK HERE
DYDX For Iphone
dYdX is a non-custodial decentralized exchange that allows users to leverage trade via Ethereum smart contracts. This gives traders the ability to trade on margin while also benefiting from the security provided by Ethereum. dYdX also partnered with StarkWare to build a layer 2 protocol for the exchange. This allows traders to deposit funds and trade instantly without paying gas fees for every transaction. They announce about beta mobile and mainet coming soon.
More information at CLICK HERE
Spotlight Projects
Top 05 Gainers And Loser On Ethereum Last 7 days
More information at CLICK HERE
Top 5 Highest ROI Move-To-Earn Tokens
More information at CLICK HERE
Bridging from Ethereum and BNB Chain with Multichain
Multichain is a cross-chain bridge that supports multiple networks. With Multichain, you can bridge different tokens across different networks into Conflux eSpace, or from Conflux eSpace to other networks. Note to Binance users and bCFX holders: Conflux on Binance is listed as wrapped ERC-20 token (bCFX), it is not-native CFX. Conflux eSpace and BNB Chain use EVM-compatible addresses, but those addresses live in different chains.
More information at CLICK HERE
$1 Million Bancor 3 Bug Bounty & Code Release
Bancor is conducting multiple rounds of auditing prior to the full release of Bancor 3, including audits by OpenZeppelin, Peckshield and Certora to ensure the highest security possible. As we get close to the B3 launch, we invite developers and whitehat hackers to review the code and try to find bugs in exchange for up to USD 1 million in rewards. Rewards will be allocated based on the severity of the bug disclosed, and are awarded at the full discretion of the Bprotocol Foundation. All vulnerabilities disclosed prior to the official launch of Bancor 3 — which is scheduled for mid-May, 2022 — are eligible to receive higher rewards.
More information at CLICK HERE
Frax stablecoin launches on Yield Protocol
Frax Finance is a protocol that combines design elements of both collateralized and algorithmic stablecoins to create a stablecoin that is highly scalable, trustless, and ideologically pure on-chain money. It comprises a two token system encompassing a stablecoin, Frax, and a governance token, Frax Shares (FXS). As of April 2022, there are over 2.5 Billion Frax in circulation. They are launching the Frax stablecoin on Yield Protocol as a borrowable asset. Your borrowing rate for Frax is fixed until the term expires. After expiry, you can roll your loan to a new fixed-term, or pay a variable rate currently set at 5%. (Determined by governance)To start, the first terms available will be June 2022 and September 2022.
More information at CLICK HERE
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Alan
Coincu Ventures
