The total amount of Ethereum beacon chain staked exceeds 32.6 million ETH
According to Dune data, the current total amount of ETH staked on the Ethereum beacon chain is 32,604,101, which accounts for 27.2% of the total ETH supply. Among them, the stake share of the Lido liquidity staking protocol is 28.64%.
The long position of a certain whale has grown to 5,683 ETH
According to on-chain analyst @ai_9684xtpa, the long funds of a certain whale have increased to 5,683 ETH (worth $17.56 million), with an average long price of about $3,069.
Ethereum beacon chain stakes exceed 32.5 million ETH
Dune data shows that the total amount of ETH staked on the Ethereum beacon chain is 32,518,327, with 1,016,198 validators and staked ETH accounting for 27.13% of the total ETH supply. Among them, the stake share of the liquidity staking protocol Lido is 28.66%.
54,640 ETH were destroyed on the Ethereum chain in April, and NFT transaction volume fell by nearly 35%
In April, the Ethereum network destroyed a total of 54,640 ETH, worth approximately $179 million. The data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed approximately 4.78 million ETH, worth about $12.02 billion. In addition, the trading volume of NFT markets on the Ethereum chain has dropped significantly by 34.5%, to about $476 million, and Ethereum staking revenue has further declined to $257 million, a decrease of 16.9%. In comparison, Bitcoin miner revenue in April decreased to $1.78 billion, a drop of 11.3%.
mpDAO launches on Ethereum
Meta Pool, a flow staking solution based on NEAR, announced the official launch of multi-chain governance. Users can obtain mpDAO on Uniswap and participate in Meta Pool governance. Currently, mpDAO can only be obtained on the Ethereum network.
The 133rd Ethereum ACDC meeting: The goal is to complete the devnet within 7-10 days
The Ethereum developers held their 133rd ACDC conference call. First, they outlined the latest research on Ethereum protocol confirmation rules. Then, they discussed Pectra updates related to EIP-7547 and CFI states, and decided to put them on hold temporarily. They also updated the v1.5.0-alpha.1 specification. Regarding the implementation updates for devnet-0, most teams are making progress, but there are also some unexpected complexities. The goal is to complete devnet within 7-10 days.
Ethereum network gas fee drops to 7 gwei
According to Etherscan data, the current gas fee on the Ethereum network has dropped to 7 gwei.
Tom Wan: More than 15% of Ethereum on the Beacon chain has been staked through EigenLayer
Dune Analytics dashboard shared by 21.co strategy analyst Tom Wan shows that over 15% of ETH on the Beacon chain has been staked through EigenLayer, totaling 4.9 million ETH worth about $15.42 billion. Of this, 3.1 million ETH was natively reset, primarily through a liquid staking protocol. 1.7 million ETH was restarted through liquid stock tokens, with Lido's stETH accounting for 1 million stETH deposits. Approximately 26% of the total supply of Ethereum, which is 122 million ETH, is held on the Beacon chain. EigenLayer began accepting deposits under its protocol in June 2023.
The Future of Ethereum: Use Cases (Part 1)
In our 4-part series named “The Value of Ether”, we have discussed in detail the framework in which we think it is most appropriate to link value accrual to ETH token holders with the underlying mechanics that operate the Ethereum blockchain. More specifically, we have laid out a case on how increased usage of the network has an impact on supply dynamics and can therefore have a knock-on effect on the value of the Ether token.
Ethereum network gas fee drops to 9 gwei
According to Etherscan data, the current Ethereum network gas fee has dropped to 9 gwei.
