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 16 – May 22. 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 16 – May 22 is at a current level of 7.79M transactions. Down 8.68% (last week’s total transaction is: 8.47M). 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 decreased from the previous week. The market is unstable, and the money flowing into the market is stationary. All activities chain are also reduced.
Unique Addresses
Ethereum Cumulative Unique Addresses is at a current level of 196.87M and a daily increase of 76,373 addresses, Down 17% (last week daily increase is: 92,581 addresses). The chart shows the total distinct numbers of addresses on the Ethereum blockchain and the increase in the number of address daily. Looking at the chart, we can see that unique addresses are always increasing despite market volatility. This is a good sign for those who are trusting in Ethereum chain.. According to etherscan.io, between May 16 – May 22, Ethereum has added 611,970 new and unique addresses on its network.
Active addresses
The daily active address count is 459,276 addresses with a received count: of 352,723 addresses and sends count of 224,892 address. The active addresses slightly decreased compared to last week’s 493,143 addresses. In recent weeks the number of active addresses has been decreasing, which shows that some wallets have chosen to stand still in the current volatile market situation.
Total Value Locked
Total value locked on Ethereum still taking 1st place with $70.43b, same total TVL as last week. With constant development and innovation, ETH is still the chain with an outstanding number of DAPPs. But no money flow into markets under the general influence of the market. The TVL of the Ethereum chain decreased, lowest from July 2021.
Highlight Events
Another hack from Discord of Axie Infinity
On May 18, Axie Infinity announced that the MEE6 bot installed on their main Discord server had been compromised in a series of posts. MEE6 is a popular bot mainly used to automate roles and messages to users of many crypto projects. According to the investigation, the hacker used MEE6, added permission to impersonate the admin account, and then issued a fraudulent message about minting NFT. The developers were able to remove the compromised MEE6 bot from the main server and delete the fake messages as well.
More information at: CLICK HERE
Optimism Identifies Airdrop Farmers and Removes 17,000 Addresses
The amount of wallets eligible for Optimism’s next airdrop has been lowered. According to a tweet posted, Optimism has blocked 17,000 addresses it believes are traders attempting to scam the system. Airdrop farming, sometimes known as a sybil attack, is a method of doing so. It’s carried out by those who think a project might do an airdrop. To do so, they create many wallets and utilize the same application across all of them, expecting to gain a lot of money if each wallet receives the airdrop.
More information at CLICK HERE
Uniswap hits $1 Trillion Cumulative Trading Volume
Uniswap has just announced that it has achieved a cumulative trading volume of $1 Trillion since its launch in 2018. Uniswap has dominated the decentralized trading market since last year, including trading volume. In April, it took a 42.48% market share, followed by PancakeSwap (17.21%), SushiSwap (5.47%), Astroport (5.24%), Curve (4.06%), and all others (25.56%). DEX’s daily trading volume is at the same level as Coinbase’s but still well below Binance’s.
More information at CLICK HERE
CoinEx Invites 10,000 Users to trade futures For Free
From 4:00 on May 22, 2022(UTC) to 4:00 on May 25, 2022(UTC), 25,000 USDT of Futures Trial Fund for 10,000 participants will be given away by the exchange and first come, first served. The participation requirement is users who registered before 3:00 on May 22, 2022 (UTC) and have never traded in any Futures markets can participate in this promotion bringing 25,000 USDT futures trail funds to participants. During the promotion, users can log in to their account and enter the code ‘PizzaDay’ to receive a reward of 5 USDT.
More information at CLICK HERE
Spotlight Projects
Top 05 Gainers And Loser On Ethereum Last 7 days
More information at CLICK HERE
Spicy Network’s Strategic Deployment list to Metis
Spicy network is the most advanced and dynamic DeFi concept in the crypto-verse. An all-in-one solution provides all the services needed by upcoming companies who desire to launch their projects and for investors who want everything in one platform. SPICY brings a next-gen NFT concept to the market, and the whole SPICY ecosystem has his dynamically structured to facilitate long-term sustainability. Launchpads and IDO’s are now an old concept in Crypto. Spicy network will build and launch on one of the spiciest blockchains.
More information at CLICK HERE
Yearn wants to buy your YFI
YFI is essential to building Yearn. It’s part of the compensation and retention strategy for attracting and keeping the best DeFi contributors to work on Yearn, aligning their incentives with the protocol and giving them skin in the game. Basically, they like the token. They’ve bought back 755 YFI for $19 million from the market these days. And as they continue to build, you can expect the buyback number go up. Soon YFI buybacks will also be used to reward veYFI holders for their participation in Yearn.
More information at CLICK HERE
Collateral Partner Spotlight: Notional Finance x FIATDAO
A lot has happened in DeFi since our last collateral partner spotlight. The FIAT DAO contributor team hopes you’ve weathered the volatility and we are excited to share a new development poised to help you navigate these choppy waters. FIAT DAO now supports all circulating maturities of USDC- and DAI-denominated Notional Finance as collateral. Notional Finance is one of the earliest and largest by TVL, entrants into DeFi’s fixed income sector. Notional allows users to access fixed-rate power and flexibility through their lending market.
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
