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Data shows that Ethereum Classic (ETC) is expected to undergo a reduction in production on June 3, 2024, which is about 28 days and 6 hours away. The current block reward is 2.56 ETC, and after the reduction, it will be 2.048 ETC.
According to Dune data, the total value bridged (TVB) by Ethereum Layer 2 solution Starknet has exceeded 900,000 ETH, reaching 901,512 ETH, which is approximately worth $2.84 billion at current prices. The total number of bridged user addresses is 1,225,098.
According to CryptoSlam data, the Bitcoin on-chain NFT transaction volume in the past seven days reached 55.02 million US dollars, Ethereum NFT transaction volume reached 48.7 million US dollars, and Solana NFT transaction volume reached 24.62 million US dollars.
According to Etherscan data reported, the stablecoin USDe issued by Ethena Labs has reached a circulation of 2,292,060,769. USDe is a stablecoin based on Ethereum, which is collateralized by derivatives and achieves price stability through delta-neutral hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH, or liquidity collateral tokens as collateral.
According to market data, CEL has broken through $0.55 and is currently priced at $0.5651, with a 24-hour increase of over 75%. The market is volatile, so please be prepared for risk control.
According to ChainArgos monitoring, on May 4th, Tether conducted a large-scale issuance and redemption activity. A total of $240 million USDT was issued that day, while $8.6 million USDT was redeemed.
The total transaction volume of stablecoins on Ethereum last month was significantly higher than any previous month, but most of the trading volume was contributed by a single stablecoin, DAI. As previously reported by The Block, DAI is increasingly being used for complex MEV transactions, usually involving flash loans, with a large portion of DAI being minted and returned in a single transaction. Just one of these transactions increased DAI trading volume by nearly $1 billion.
According to Ultrasound data, as of now, the Ethereum network has burned a total of 4,287,144.91 ETH. Note: After the Ethereum London upgrade introduced EIP-1559, the Ethereum network will dynamically adjust the BaseFee of each transaction based on transaction demand and block size, and this portion of the fee will be directly burned and destroyed.
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