Ignore all the noise in the market, $ETH is quietly burning every single day, and Layer 2 gas spent on Ethereum has soared.
Since the merge, $ETH’s supply has reduced by ~75k+ $ETH, compared to an increase of 2.2k ETH issued if it remained PoW, resulting in a selling pressure reduction of $135M over the course of the past 200 days.
Layer 2 demand for Ethereum block space has been rising continuously. In March, Layer 2 gas consumption has more than double that of February, and now accounts for 8.11% of all gas spent on Ethereum.
Arbitrum Foundation Admits 10m $ARB Sold Before Vote, Pledges New Vote and No Further Sales: The Arbitrum Foundation has faced backlash from the community after it held a "ratification" vote on decisions it had already implemented, including selling $ARB tokens for stablecoins even before its governance community of tokenholders had "ratified" the organization's nearly $1 billion budget.
MM.Finance's Public Offering on Arbitrum is 364 times oversubscribed
All Fees of dYdX v4 will go to Validators/Stakers, says Founder
Some MEV Bots Attacked, Losing Over $20 Million
KBS: Seizure amount for Terra/Luna Case exceeds 200 Billion Won
Bybit Is Establishing Its Core Asian Operations in Hong Kong
Dune Launches AI Feature to Simplify Data Queries, Aiming to Bring Natural Language Querying
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