Top 10 Ethereum News of the week
1. CEO of the Soros Fund, Dawn Fitzpatrick, says Ethereum is likely to gain more traction over Bitcoin
2. Tim Beiko announces Terminal Total Difficulty of 50000000000000000 has been selected for the Ropsten Merge. This means the Ethereum Ropsten Testnet will have the Merge transition around June 8th!
3. Fidelity announces plan to hire 110 employees. The new hires will be used to build out infrastructure to support custody and trading services for Ethereum
4. Ethereum Number of Addresses holding 100+ ETH hit an 1-year high of 43,518
5. A new Ethereum ETF launches on Cboe Australia
6. The Ropsten Beacon Chain goes live
7. Optimism and Arbitrum are generating more revenue than ever other alt L1
8. The Kiln testnet processed more transactions than mainnet the past few days
9. Ethereum hits the highest amount of gas ever used on mainnet to settle L2 transactions
10. OpenSea has now burned over $1 billion worth of ETH
Stats
Ethereum MVRV Z-Score, which shows when ETH is over/undervalued is at its lowest level since April 2020. This is one of the leading indicators that shows when market bottoms are near
198,122 ETH ($480M) were burned in May 🔥
Total revenue for ETH over the past 30 days was $309 million. Over 19x the revenue of BTC
L2s used almost as much gas in 1 day of June that the entire month of May 2021
Ethereum Number of Addresses holding 32+ ETH hits 13 month high
Ethereum number of addresses holding 10+ ETH hits 18 month high
Ethereum Number of Addresses holding 1+ ETH hits new ATH
Ethereum was the most popular chain in May on Matcha
Hildobby makes Optimism airdrop Dune dashboard
Ethereum News
The Altair to Bellatrix transition happened on epoch 750
ENS Domains sees record month in May
Coinbase lists Optimism OP
Voltz Labs Voltz Protocol is now live on mainnet in Alpha Launch state
Immutable proposes the Otherside Metaverse should be built on its Layer 2 network
Grayscale ETHE trades at a discount to NAV
Coinbase commits $1 million for Public Goods in partnership with Gitcoin
Immutable releases Special Limited IMX Trading Rewards
EF Ecosystem Grantee Roundup is out
MakerDAO announced that it has enabled the StarkNet Dai Bridge
Danny Ryan releases The Risks of LSD
Justin Drake releases Liquid solo validating
Hop Protocol makes it onto the UltraSoundMoney burn dashboard
ETH Barcelona is coming July 6-8
Infura announces archive requests are now free
There is an @apecoin DAO proposal, AIP-41, up for vote which proposes ApeCoin should stay in the Ethereum ecosystem
RabbitHole is looking to hire new positions
discord.eth ENS domain sold for 32 ETH
Velodrome announces Synthetic as a new launch partner
Sign-in with Lens is now live on Lenster
Bankless was granted a trademark for “Bankless” by the US Patent and Trademark Office
Aave snapshot to add rETH by Rocket Pool to Aave V2 goes live
Gitcoin Grants GR14 start June 8th
Synthetix announces 2 new futures markets: $APE & $DYDX
ETHeyAndBeTChy releases new comic
Stakewise announces their $200k bug bounty program is live on ImmuneFi
The Merge Updates
Trent Vanepps drops new Ropsten TTD announcement and graphic
The Ropsten Merge is set to transition around June 8th
Merge Community Call #4 led by Tim Beiko and Trent Vanepps goes live
Superphiz announces Ethereum Merge community call series
Ben Edgington releases new What’s New in Eth2
Frax Finance deploys a beacon chain validator
Anthony Sassano releases The Merge is Coming
Coinbase shares update on Eth2 client diversity
Christine Kim releases recap of the Ethereum Consensus Layer call
One37 releases Ethereum Merge: Everything to Know About The Upcoming Upgrade
Layer 2
Daily transactions on Optimism hits new ATH of 273,789
The Optimism OP airdrop goes live
Layerswap integrates ETH bridge to StarkNet
Optimism sees hourly rate peak at 12 TPS in terms of transaction count
StarkWare releases glossary that covers STARKs, StarkEx, and StarkNet
DeFi Saver is now live on Arbitrum and Optimism
Looping goes over 100,000 L2 accounts
RabbitHole has new quests through two leading Ethereum Layer 2 networks
ChainHop launches on Optimism
@norswap releases some technical notes on the $OP airdrop
You can now track Arbitrum NFTs with NFTScan
Beethoven X and Balancer are now on Optimism
Articles and Threads
Swagtimus releases StarkNet Roundup #19
Ben Rodriguez releases thread breaking down Delphi Digital’s Hitchhikers Guide to Ethereum
Alex Beckett releases Composability in a rollup ecosystem
Decrypt releases thread on everything you need to know about Ethereum 2.0
OlimpioCrypto releases thread on the OP Airdrop
Dennis Qian releases new Monday DeFi Market Alpha
The Reading Ape releases thread covering Danksharding
0x_Lucas releases Top 5 Airdrops (and How to Get Them) on Bankless
Spencer Noon releases OurNetwork #124
alpha_pls releases deep dive thread into Lens Protocol
0xNurstar releases Recap of the previous Day on StarkNet and Top of the STARKs #8
CoinMetrics releases State of the Network: Issue 157
DeFi Surfer releases Understanding Ethereum’s Economic Model Post Merge
The Defiant releases a guide on claiming the OP airdrop
Defiprime releases The Defiprime Post #95
Twitter Spaces of the week
JediSwap xBanks -building a tankless future on StarkNet Twitter Spaces
Odinfree hosts Top StarkNet Talents
Bancor Blockchain Banter Staying Safe in DeFi Ep1
Podcasts of the week
Bankless State of the Nation Guide to the Ethereum Roadmap
StakeBorgDAO I don’t hold any Bitcoin. My bet is on Ethereum w/ Anthony Sassano
Epicenter Podcast 446 - The ETH Based Wallet for Swaps and dApps w/ Dan Finlay
Nader Debit releases Full Stack Web3 with Lens Protocol
Zero Knowledge Episode 232: Cutting Edge ZK Research with Mary Maller
Bankless Layer Zero The Alfalfa Podcast
Seed Club Ep 5 - Why We Need Web3 Social
MatchboxDAO Workshop: Historic On-Chain Data & Soulbound Tokens in On-Chain Gaming
If you missed This Week In Ethereum last week, make sure to check it out👇
This concludes This Week In Ethereum. I’ll be back again next week. Don’t forget to follow along on all platforms and remember frens, ETH is Ultra Sound Money 🦇🔊
This newsletter is for educational purposes only and is not financial or investment advice. Always make sure to do your own research and stay gucci.