Key Takeaways
- Intraweek, the Bitcoin (BTC) network’s daily raw hashrate dipped to a low of 173.8 EH/s before bouncing up to 214.1 EH/s. The network remained largely unaffected by the ongoing geopolitical conflict.
- The number of unique validators on the ETH 2.0 Beacon Chain crossed the 300,000 mark. The total number of ETH wallet non-zero addresses reached 76.3M despite volatility in recent weeks.
- The Luna Foundation Guard raised $1B in reserves to support the Terra network stablecoin (UST) over a four-year vesting period.
- Cronos (CRO) saw a +7.07% increase in total transactions to 18.47M, while its TVL grew to $2.34B (+23.83% week-on-week). The total number of wallet addresses now stands at 403,533, up +3.18% from last week.
Highlights
- Russian miners keep running, may see pivot to Bitcoin in response to sanctions
- Thousands of Ethereum coders bring their grunge-hacker vibe to Denver
- Yearn launches its first Ethereum layer-2 service on Arbitrum
- Ethereum validators near 300,000 as amount of ETH staked surpasses 9.5 million
- Ethereum mining pool Flexpool halts all services to Russia in wake of Ukraine invasion
- Ethereum gets an upgraded scaling Testnet – and it’s actually years ahead of schedule
- (Optimism) ETHDenver: Rollup recap
- Ethereum scaling solution StarkNet completes launch – with goal to move to community control
- Cardano interoperability with Ethereum in the works as Bridge Testnet launches
- Cardano’s scaling solution based on ZK Rollups unveiled
Layer 1 Project Metrics
| Ethereum | Terra | Avalanche | Solana | Fantom | Binance Smart Chain | Cronos | |
|---|---|---|---|---|---|---|---|
| Market Cap of Native Coin | $349.72B | $33.62B | $21.49B | $31.26B | $4.76B | $66.19B | $11.25B |
| 7-Day Change | +1.86% | +39.82% | +6.76% | +2.37% | +2.86% | +0.99% | +2.11% |
| Total Value Locked (TVL) | $113.54B | $22.67B | $11.08B | $7.33B | $11.77B | $12.85B | $2.34B |
| 7-Day Change | -1.58% | +44.19% | +6.47% | +1.79% | +62.06% | +4.96% | +23.83% |
| Cap / TVL | 3.08x | 1.48x | 1.94x | 4.26x | 0.4x | 5.15x | 4.8x |
| 7-Day Avg. Daily Volume (Native Coin) | $18.26B | $2.57B | $1.38B | $2.14B | $0.89B | $1.48B | $0.14B |
| 7-Day Change | +36.11% | +212.06% | +43.37% | +57.63% | +81.44% | +37.99% | -8.07% |
| Price ofNative Coin | $2,927.68 | $89.52 | $87.62 | $97.75 | $1.88 | $395.47 | $0.45 |
| 7-Day Change | +13.72% | +78.15% | +25.13% | +17.57% | +21.94% | +10.79% | +15.55% |
| Total # of Transactions since Launch | 1.49B | – | 108.87M† | 60.45B | 207.25M | 2.57B | 18.47M |
| # of Nodes/Validators | 6,427 | 130 | 1,264 | 1,557 | 58 | 21 | 26 |
| Market Cap of Native Coin | |
| Ethereum | $349.72B |
| Terra | $33.62B |
| Avalanche | $21.49B |
| Solana | $31.26B |
| Fantom | $4.76B |
| Binance Smart Chain | $66.19B |
| Cronos | $11.25B |
| 7-Day Change | |
| Ethereum | +1.86% |
| Terra | +39.82% |
| Avalanche | +6.76% |
| Solana | +2.37% |
| Fantom | +2.86% |
| Binance Smart Chain | +0.99% |
| Cronos | +2.11% |
| Total Value Locked (TVL) | |
| Ethereum | $113.54B |
| Terra | $22.67B |
| Avalanche | $11.08B |
| Solana | $7.33B |
| Fantom | $11.77B |
| Binance Smart Chain | $12.85B |
| Cronos | $2.34B |
| 7-Day Change | |
| Ethereum | -1.58% |
| Terra | +44.19% |
| Avalanche | +6.47% |
| Solana | +1.79% |
| Fantom | +62.06% |
| Binance Smart Chain | +4.96% |
| Cronos | +23.83% |
| Cap / TVL | |
| Ethereum | 3.08x |
| Terra | 1.48x |
| Avalanche | 1.94x |
| Solana | 4.26x |
| Fantom | 0.4x |
| Binance Smart Chain | 5.15x |
| Cronos | 4.8x |
| 7-Day Avg. Daily Volume (Native Coin) | |
| Ethereum | $18.26B |
| Terra | $2.57B |
| Avalanche | $1.38B |
| Solana | $2.14B |
| Fantom | $0.89B |
| Binance Smart Chain | $1.48B |
| Cronos | $0.14B |
| 7-Day Change | |
| Ethereum | +36.11% |
| Terra | +212.06% |
| Avalanche | +43.37% |
| Solana | +57.63% |
| Fantom | +81.44% |
| Binance Smart Chain | +37.99% |
| Cronos | -8.07% |
| Price ofNative Coin | |
| Ethereum | $2,927.68 |
| Terra | $89.52 |
| Avalanche | $87.62 |
| Solana | $97.75 |
| Fantom | $1.88 |
| Binance Smart Chain | $395.47 |
| Cronos | $0.45 |
| 7-Day Change | |
| Ethereum | +13.72% |
| Terra | +78.15% |
| Avalanche | +25.13% |
| Solana | +17.57% |
| Fantom | +21.94% |
| Binance Smart Chain | +10.79% |
| Cronos | +15.55% |
| Total # of Transactions since Launch | |
| Ethereum | 1.49B |
| Terra | – |
| Avalanche | 108.87M† |
| Solana | 60.45B |
| Fantom | 207.25M |
| Binance Smart Chain | 2.57B |
| Cronos | 18.47M |
| # of Nodes/Validators | |
| Ethereum | 6,427 |
| Terra | 130 |
| Avalanche | 1,264 |
| Solana | 1,557 |
| Fantom | 58 |
| Binance Smart Chain | 21 |
| Cronos | 26 |
† X-Chain total transactions plus C-Chain total transactions
‘–’ denotes missing, unavailable, or incomplete data
Sources: Coingecko, Etherscan,Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan,CronoScan, Cronos Explorer, DeFi Llama
Layer 2 Project Metrics
| Polygon | Lightning Network | Ronin Sidechain† | Optimistic Ethereum | Arbitrum | Boba | Metis Andromeda | |
|---|---|---|---|---|---|---|---|
| TVL/ Capacity on Network | $4.16B | $148.83M | $620.11M | $337.69M | $2.22B | $61.09M | $284.45M |
| Total Transactions | 1.44B | – | 318.90M | – | 7.89M | 370,382 | 1.01M |
| Nodes/ Unique Addresses | 65 | 35,102 | 10.11M | – | 414,171 | 17,380 | 49,370 |
| TVL/ Capacity on Network | |
| Polygon | $4.16B |
| Lightning Network | $148.83M |
| Ronin Sidechain† | $620.11M |
| Optimistic Ethereum | $337.69M |
| Arbitrum | $2.22B |
| Boba | $61.09M |
| Metis Andromeda | $284.45M |
| Total Transactions | |
| Polygon | 1.44B |
| Lightning Network | – |
| Ronin Sidechain† | 318.90M |
| Optimistic Ethereum | – |
| Arbitrum | 7.89M |
| Boba | 370,382 |
| Metis Andromeda | 1.01M |
| Nodes/ Unique Addresses | |
| Polygon | 65 |
| Lightning Network | 35,102 |
| Ronin Sidechain† | 10.11M |
| Optimistic Ethereum | – |
| Arbitrum | 414,171 |
| Boba | 17,380 |
| Metis Andromeda | 49,370 |
† Ronin is the sidechain developed by Sky Mavis for Axie Infinity
‘-’ denotes missing, unavailable, or incomplete data
Sources: DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer
