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 02 – May 08. 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 May 02 – May 08 is at a current level of 7.73M transactions. Down 5.05% (last week’s total transaction is:  8.13M). 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 reduce 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 reduce in the past week.

Unique Addresses

Ethereum Cumulative Unique Addresses is at a current level of 195.57M and a daily increase of 71,816 addresses, Up ~0.32% (last week’s total Unique Addresses is: 194.93M). 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 May 02 – May 08, Ethereum has added 639,317 new and unique addresses on its network.

Active addresses

The daily active address count is 504,810 address with a received count: of 382,029 address and sends count of 269,830 address . The active addresses have a slight increase compared to last week  464,873 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 $95.1b. 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

StarkNet x Chainstack

Started as a single-operator single-app zero-knowledge scaling engine (StarkEx) that has been successful for the Web3 applications, the knowledge protocol implementation has moved to the single-operator multi-app rollup with the launch of StarkNet Alpha.

Log into the Chainstack console and deploy a node with a cloud provider and in the location that best suits your needs—such as latency considerations. Be one of the earliest StarkNet adopters with Chainstack, start building today, and be among the first to win the users in the L2 wave of adoption that you know is oming and will be here before you know it.

More information at CLICK HERE

Boba Network Listed Kucoin

Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts. Boba Network will be listed on kucoincom.

• Supported trading pair is BOBA/USDT
• Trading: 9:00 on May 10, 2022 (UTC)
• Withdrawals: 9:00 on May 11, 2022 (UTC)

More information at: CLICK HERE

Kwenta Futures Beta Updates

With the latest release, Kwenta introduces a new feature: Next Price orders. In short, Next Price orders allow Kwenta to offer a low fee alternative for genuine traders while avoiding frontrunning opportunities. Traders on Kwenta will see a new addition to order types available on Kwenta. Traders can take advantage of Next Price Orders and their matching lower bps fees, by heading to Kwenta, navigating to the ‘Futures’ Tab, and connecting their wallet.

More information at: CLICK HERE

Spotlight Projects

Top 05 Gainers And Loser On Ethereum Last 7 days

More information at: CLICK HERE

Swappi DEX x Multichain Dual Mining Event

Swappi is the very first DEX to launch on eSpace, an EVM-compatible smart contract execution environment build on top of Conflux that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. As an AMM-based DEX, Swappi lets users trade, add liquidity, earn fees and LP tokens, stake LP tokens to earn PPI, and stake PPI for additional rewards and farming opportunities. They are to kick off our first major dual mining event with MultichainOrg. Runs from May 6th – May 20th – $8000 total prize pool.

More information at: CLICK HERE

Compound Labs Sponsoring HackMoney 2022

HackMoney is a virtual 30 day hackathon for hackers building decentralized finance applications. Build the Future of Finance. May 6 – May 27, 2022. With over $300,000 in prizes up for grabs, Hack Money is bringing together hundreds of hackers from around the world to build the future of finance.

More information at: CLICK HERE

Curve Finance Integrates the Aurora Network

Ethereum’s leading stableswap platform, Curve Finance, has integrated NEAR Protocol’s EVM layer, Aurora. Ethereum’s leading stableswap platform, Curve Finance, has integrated NEAR Protocol’s EVM layer, Aurora. Users can now connect to the Aurora network on their Ethereum wallets (such as Metamask) when using Curve, and enjoy the dapp’s deep liquidity pools without the high gas fees or wait time.

The integration of Curve on Aurora comes at a critical time, with the burgeoning of bluechip DeFi protocols on Aurora, such as Aurigami, Bastion and Trisolaris, on one hand; and the deployment of market-leading bridge solutions, such as Multichain, Synapse, and Wormhole, on the other. Curve’s industry standard stableswap function will add a layer of DeFi composability and liquidity to the Aurora DeFi ecosystem, and at the same time, better position Aurora in an increasingly multi-chain world, allowing it to connect with other ecosystems via the transfer and exchange of pegged assets in its stablecoin, $wBTC, and $wETH pools.

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