Ethereum layer-2 scaling solutions Starknet and zkSync have bucked the trend by showing an increase in their total monthly active developer counts, while many other platforms have experienced a decline. This article explores the recent developer activity in the Ethereum ecosystem and discusses the potential reasons behind these trends. In contrast to platforms like Ethereum,
Ethereum
Staking Ethereum (ETH) has become an increasingly popular choice for ETH holders rather than liquidating their assets. The Ethereum liquid staking derivatives finance (LSDFi) ecosystem has experienced significant growth this year, according to a recent report from CoinGecko. Despite the ability to withdraw ETH introduced in the Ethereum Shapella upgrade, the LSDFi sector has grown
Blockchain enthusiasts and analysts have recently uncovered a significant transaction involving Ethereum co-founder Vitalik Buterin. It has been observed that Buterin’s wallet, known as “vitalik.eth,” transferred a substantial amount of $14.9 million worth of USD Coin (USDC) to the Gemini cryptocurrency exchange. This transaction has piqued the interest of the blockchain community, leading to various
In a recent announcement, Manta, a layer-2 blockchain network focusing on zero-knowledge (ZK) applications, revealed its decision to migrate its software from OP Stack to Polygon CDK. This move signifies that Manta will not be integrated into the upcoming Optimism Superchain and instead become a part of the Polygon ecosystem. Manta justified its choice to
The price of Ethereum’s native token, Ether (ETH), is currently trading at a 15-month low compared to Bitcoin (BTC). This comes as a significant development, as it is the lowest point since Ethereum switched to proof-of-stake (PoS) consensus mechanism. The question now arises: will this downward trend for Ethereum continue throughout the remainder of 2023?
Ether (ETH) price experienced a significant decline between Oct. 6 and Oct. 12, reaching a seven-month low at $1,520. Despite a slight rebound to $1,550 on Oct. 13, it is evident that investor confidence and interest in Ethereum have been waning. This downtrend is supported by various metrics, and it raises concerns about the future
In a significant move to broaden its accessibility, Uniswap, the world’s largest decentralized cryptocurrency exchange, recently announced the launch of a closed beta version of its Android mobile app. This development comes after the exchange had been exclusively available on PC and iOS devices, limiting its reach to a specific user base. With the introduction
Extending its presence in the decentralized finance (DeFi) industry, Tangible protocol launched the real estate-backed stablecoin USDR. However, the recent events have revealed vulnerabilities in the stability of the coin’s peg to the U.S. dollar. A rush of redemptions led to a drain of liquid assets, including Dai (DAI), from USDR’s treasury. As a result,
Circle, the stablecoin issuer, has recently announced its venture into minting USD Coin (USDC) natively on the Ethereum layer-2 scaling protocol, Polygon. This move allows users and developers to access USDC without the need for bridging it from Ethereum to another blockchain. Circle Mint and Circle’s developer application programming interfaces (APIs) now fully support Polygon-based
Despite gaining around 35% in 2023, Ethereum’s native token, Ether (ETH), has consistently failed to decisively retake the $2,000 mark. This resistance level has proven to be a strong barrier, with multiple bearish rejections hindering its progress. This situation mirrors the bearish rejection experienced in 2018-2019 near $425, suggesting that Ethereum is currently in a
