Ethereum Weekly Recap | Mar 23rd – 29th, 2022

This weekly recap on Ethereum is for informational purposes only and is not investment advice. The recap will briefly summarize the outstanding activities of Ethereum over the past week from September 23rd to September 29th. Last week was another bleak week when the bears still prevailed. Let’s find out more details with Coincu.

Network Growth

Daily Transactions

Daily transactions on Ethereum from 23rd to 29th are at a current level of 7.58M transactions. Down 2.8% (last week’s total transaction is:  7.79M). 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 daily transactions is still up from the previous week. The bears prevail over 9 weeks its make the market to lose confidence. Besides, some ecosystems like Terra collapse affecting others like Ethereum making all activities chain are also reduced.

Unique Addresses

Ethereum Cumulative Unique Addresses is at a current level of 197.47M and a daily increase of 95,286 addresses, Up 24% (last week daily increase is: 76,373 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. According to, between 23rd to 29th, Ethereum has added 596,081 new and unique addresses to its network.

Active addresses

The daily active address count is 467,126  addresses with a received count: of 356,119  addresses and sends count of 247,444  address. The active addresses slightly increase compared to last week’s 459,276 addresses. The chart shows the daily number of unique addresses that were active on the network as a sender or receiver in last week has increased,

Total Value Locked

The total value locked on Ethereum is taking 1st place with $70.28b, the same total TVL as last week ($70.43b). In the last 3 weeks, the TVL of the Ethereum chain has been almost unchanged, still around $70b. New money flow has not poured in and old cash flows have been withdrawn, resulting in the TVL of the Ethereum chain decreasing, the lowest since July 2021.

Total Stablecoin Supply

Total Ethereum Stablecoins Market Cap is $92.03b take over 72.9% of Total Stablecoins Market Cap ($159.13b). In which USDC dominance: 42%, USDT dominance: 32.6%, BUSD dominance: 14.23%. The total supply of stable coins on the Ethereum chain has not changed significantly over the past week. With Dapps dominating, Defi applications are increasingly being used by many people on the Ethereum chain that has attracted a huge amount of stablecoins to the Ethereum chain.

Highlight Events

Ethereum’s Beacon Chain Suffers Reorg

According to the Twitter account terrence.eth, a member of the Beacon Chain development team, the recent reorg incident took place because of a mechanism called “boost,” which allows blocks to be formed according to the weighting schedule votes in the Proof-of-Stake mechanism. However, since this is not a required change, not all clients (software running nodes) integrate boost, resulting in differences between nodes.

More information at: CLICK HERE

Ethereum testnet ready for Merge

The Ropsten testnet on the Ethereum network is ready to set the stage for the “first dress rehearsal” of the Merge to adopt the proof-of-stake (PoS) consensus mechanism. Core Ethereum developer Tim Beiko announced on Tuesday that a new Beacon Chain for Ropsten has been launched. It will serve as the precursor for the final test Merge, which is expected to be “around June 8th.” The Ropsten testnet is one of many testing grounds for Ethereum clients. It mimics aspects of the Ethereum mainnet including the use of a valueless form of Ether (ETH) to execute transactions and the coding environment, but changes made there do not affect the mainnet.

More information at: CLICK HERE

DeFi Lego

Harvest Finance (FARM) is now ready on Incognito

Harvest Finance ($FARM) is ready on Incognito Privacy Exchange and in the Incognito Android and iOS apps. Both Harvest Finance & Incognito communities can now privately send, receive, or store pFARM (private version of FARM). Trading for the asset requires Liquidty, which is great chance for Liquidity Providers to join and earn the Trading Reward.

  • Harvest Finance (FARM) is an Ethereum token that powers Harvest Finance, a yield optimizer that moves funds around the decentralized finance (DeFi) ecosystem in an effort to generate high yields. FARM can be used for staking and yield farming on Harvest Finance.
  • Besides being an asset management platform which seeks to maximize yield for assets deposited into Harvest vaults, the Harvest Finance Protocol’s vaults also execute various yield farming strategies; the profits from these strategies are split between liquidity providers and rewarding users staked in their profit sharing pool.

More information at: CLICK HERE

TrueFi Bug Bounty Up to $220,000 on Immunefi

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System. This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from consequence of exploitation to privilege required to likelihood of a successful exploit. All bug reports must come with a PoC with an end-effect impacting an asset-in-scope in order to be considered for a reward. Explanations and statements are not accepted as PoC and code is required.

More information at: CLICK HERE

DeFi Saver is now LIVE on Arbitrum and Optimism

The two networks they’re going live on Arbitrum and Optimism, both optimistic rollups and both EVM equivalent, meaning that any protocol or dapp live on Ethereum mainnet should have no difficulty deploying to these, too. As most of historic users have been predominantly on Ethereum mainnet, it only makes sense for us to also provide bridging options for anyone looking to move assets to any of the supported L2s and try things out there.

DeFi Saver choice of a bridging protocol, they went with LI.FI which is an aggregator that aims to get you the best rates available when moving assets between chains (and it’s often the case that you can gain a bit extra in arbitrage when moving from one network to another).

More information at: CLICK HERE

Synthetix partner Velodrome

Velodrome Finance is the trading and liquidity marketplace on Optimism. This means synthetix_io will receive a veNFT representing ~1% of initial voting power and will have $sUSD available to trade on Day 1. Synthetix is a new financial primitive enabling the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain.

More information at: CLICK HERE


NFT HALO and Kucoin Labs – multi-million dollar partnership

HALO OFFICIAL has raised a multi-million dollar seed round led by ???????????????????????? ???????????????? with participation from ???????????????????????????????????????? and other institutions. May 25, the NFT HALO project completed a seed funding round worth millions of dollarsKuCoin Labs led the investment, and GeekCartel joined the investment. 

Specific financial information was not disclosed. As of press time, OpenSea data shows that HALO’s total trading volume is 639 ETH, and the floor price is 8.3 ETH. According to the report, HALO users have a character channel and can enter the metaverse using how to keep HALO virtual characters. The corresponding character model is not only a static picture but also represents a new life connected to reality.

More information at: CLICK HERE


The above are some significant new developments in the Ethereum ecosystem that occurred in the past week. There are still worthwhile initiatives in the works, but there haven’t been many substantial changes. Keep a look out for the announcement next week.

Find more information about Ethereum:

Website: https://



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.


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