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 May 09 – May 15. Along with the collapse of luna and BTC creating a new bottom at $26,000 it made the market wobble. ETH reach $1800, the lowest since May 2021. ETH lost 50% of its value since the last peak. As a result, the number of ETH holders long time over 1 year also sold off despite losses, and Dapp built on ETH also decreased. There have been many fluctuations last week, let’s find out more details with Coincu.
Network Growth
Daily Transactions
Daily transactions on Ethereum from May 09 – May 15 is at a current level of 8.47M transactions. Up 4.07% (last week’s total transaction is: 8.12M). 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. The number of transactions in the past week increased sharply because the market was unstable, traders and holders sold off their assets despite losses. Some people believe in market will uptrend, but most of them lose faith in the market to sell properties regardless.
Unique Addresses
Ethereum Cumulative Unique Addresses is at a current level of 196.26M and a daily increase of 92,581 addresses, Up ~21.72% (last week daily increase is: 71,816 addresses). The chart shows the total distinct numbers of addresses 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. Looking at the chart, we can see that unique addresses are always increasing, proving that attraction of Ethereum is great.
Whether the market is up or down, the number of people knowing and trading on ethereum still increases. According to etherscan.io, between May 09 – May 15, Ethereum has added 1,335,360 new and unique addresses on its network.
Active addresses
The daily active address count is 493,143 addresses with a received count: of 369,165 addresses and sends count of 253,551 address. The active addresses have a slight decrease compared to last week’s 504,810 addresses. Although the daily transaction increased sharply, but the active addresses decreased – this can be understood that although the market is unstable but only individuals exchange back and forth, it is possible to sell and buy back at a lower price so that active address did not increase compared to last week.
Total Value Locked
Total value locked on Ethereum still taking 1st place with $70.4b reduced 29.96% compared to the last week. With constant development and innovation, ETH is still the chain with an outstanding number of DAPPs. Under the general influence of the market, the TVL of the Ethereum chain decreased, lowest from July 2021.
Highlight Events
BAYC Official Instagram Hacked, $3 Million in NFTs Stolen
The Bored Ape Yacht Club is a collection of 10000 unique Bored Ape NFTs— unique digital collectibles living on the Ethereum blockchain. The official Instagram account of the blue-chip NFT collection Bored Ape Yacht Club (BAYC) was hacked on Monday, allowing more than a dozen NFTs to be stolen, according to the team’s announcement on Twitter.
A hacker uploaded a fake link to a forged website and a fraudulent land airdrop, BAYC claimed in a tweet. The airdrop required users to sign a transaction known as “safeTransferFrom,” which sent NFTs to the hacker’s wallet. A safeTransferFrom transaction is an Ethereum function that verifies for an eligible ERC-721 token standard NFT transfer from the owner to the receiver.
More information at CLICK HERE
Etherscan suffers from a phishing attack.
Popular crypto analytics platforms Etherscan and CoinGecko have parallelly issued an alert against an ongoing phishing attack on their platforms. The firms began investigating the attack after numerous users reported unusual MetaMask pop-ups prompting users to connect their crypto wallets to the website.
Based on the information disclosed by the analytics firms, the latest phishing attack attempts to gain access to users’ funds by requesting to integrate their crypto wallets via MetaMask once they access the official websites.
More information at CLICK HERE
LIDO trading to go live on Binance today
Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH – with no minimum deposits or maintaining of infrastructure – whilst participating in on-chain activities, e.g. lending, to compound returns. Now you can deposits and trading + withdrawals will go live at approximately 11 AM UTC – May 09.
Trading pairs: LDO/BTC – LDO/BUSD – LDO/USDT.
More information at CLICK HERE
Spotlight Projects
Top 05 Gainers And Loser On Ethereum Last 7 days
More information at: CLICK HERE
Lido using Forta for security and operational monitoring
orta is excited to announce that lido.fi, one of the largest DeFi protocols rankedby funds locked, is using Forta to detect critical security and operational risks in real-time.
Lido is a liquid staking solution – a simple and secure way to earn interest on digital assets. On Ethereum, anyone can participate in securing the [Proof-of-Stake Beacon Chain], and earn rewards for doing so. There is no need to manage or maintain any hardware. Instead, users can be confident that their stake is being pooled across a growing list of industry-leading staking providers who have demonstrated world-class performance and reliability.
More information at: CLICK HERE
The first Bancor 3 pools are officially integrated with 1inch
Bancor 3 introduces novel features that encourage broad and sustainable involvement in on-chain liquidity markets by dramatically simplifying passive liquidity provision in automated market-maker (AMM) liquidity pools. The first Bancor 3 pools are officially integrated with 1inch. As more pools go live in the coming weeks, 1inch trading will be pulling from #B3 liquidity, earning our LPs impermanent loss-protected yield.
More information at: CLICK HERE
Bundlr Network integrates with zkSync to developers access to web3 on Arweave
They want to developers easy access to web3 data storage on Arweave only decentralized data chain where data is stored permanently for a one-time fee. Developers will now have access to decentralized, permanent storage inside the zkSync applications. This will also allow users on zkSync to pay for data uploads with any token, including ETH, and provides developers free uploads for data under 100kb.
More information at: CLICK HERE
Find more information about Ethereum:
Website: https://https://ethereum.org/en/
Reddit: https://www.reddit.com/r/ethereum
Twitter: https://twitter.com/ethereum
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
