How is Ethereum's recent situation due to the decline in the crypto market?

ETH daily destruction quantity hit a new low within the yearSince the upgrade in London in August 2021, the Ethereum blockchain has launched the ETH combustion mechanism with the aim of optimizing transaction fees. EIP-1559 divides the gas fees that were originally required to be paid to miners on Ethereum into two parts: basic fees and miners' tips

ETH daily destruction quantity hit a new low within the year

Since the upgrade in London in August 2021, the Ethereum blockchain has launched the ETH combustion mechanism with the aim of optimizing transaction fees. EIP-1559 divides the gas fees that were originally required to be paid to miners on Ethereum into two parts: basic fees and miners' tips. The basic fee is a fee that users must pay, and it will be destroyed rather than owned by the miners; Miner tips, on the other hand, are dynamic fees used to incentivize miners to prioritize packaging users' transactions in times of transaction congestion.

According to TheBlockAccording to data statistics, the daily destruction quantity of ETH on August 18, 2023 was 946.63 ETH, setting a new low since this year and also a relatively low level after the implementation of EIP-1559 for two years.

Due to the triggering of ETH destruction when transactions occur on the ETH main network, the recent decrease in ETH destruction indicates a weakening of Ethereum L1 activity. This is because market participants have shifted their attention to L2, which is more scalable.BaseOn chain activities, andOptimismThe diversion of L2 is an important reason for the recent decrease in the number of ETH destroyed. In addition, projects such as zkSync and StarkNet, which are currently in the development stage, have indirectly led to a decrease in the number of ETH destroyed.

Recently,CoinbaseThe launch of BaseL2 has been welcomed by the encryption community. Since its launch, there have been $236 million worth of crypto assets spanning over the Base, including $144 million worth of ETH.

Base launched over 100 Dapps on August 9th, achieving a level of data comparable to other mainstream Ethereum L2 networks. according toDuneAnalyticsAccording to statistics, the number of daily active users of Base exceeded 136000 on August 10th, higher than Optimism's 114700 during the same period.

According to L2Beat's data, Base currently processes an average of 5 transactions per second and is not congested, far from reaching its peak. This data is equivalent to Optimism, second only to ZksyncERA andArbitrum One.

L2 zkSync StarkNet.zkSync StarkNet rollup.. Zksync Starknet .

L2 ETH ETH EIP-4844 L2.

Changes in ETH pledge data

ETH ETH . Token Terminal 8 20 ETH 2372 19.44 .

ETH 628 ETH .

Token Unlocks ETH 74 4.97% .ETH .

Progress in Ethereum Development

8 17 Holesky .Holesky 10 ETH.

.Goerli Sepolia. Goerli Holesky .Holesky . Sepolia Dapp EVM .

Ethereum Futures ETF Expectations

8 18 SEC ETF .. ETF 10 .Volatility SharesBitwiseRoundhill ProShares 12 ETF.

SEC ETF . VolatilityShares 10 12 ETF. 7 SEC .

ETH Whale Reduction

7 10, 000-100, 000 ETH . 7 14 8 18 112 ETH . ETF .ETH 8 18 ETH .7 14 8 18 ETH 4 ETH 18 .

ETH RSI 30 .

3 ETH . 5 152 1, 680 907.4 ETH.

0x ee 2 1115 1, 683 5, 120 WETH 1, 506 ETH. 6, 676 ETH 2, 747 Steth AAVE 800 .

0x 828 1, 682 2600 ETH 438 . ETH 1417 . 22, 601 ETH 3780 .

SEC ETF .

ETF.

Ebunker official website: https://www.ebunker.io

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