Focusing on fee burn and issuance is not optimal when modeling Ethereum as a business to compare profit with ordinary businesses, like Amazon or Nike.

Here's why:

Unlike miners, stakers are ETH holders, and any ETH holder may become a staker, so issuance paid to stakers is not

Whales continue to buy #Bitcoin

Over the past 4 months, the growth percentage of whale wallet balances has been 253% (+1.8M BTC).

Over the entire last year, the growth in whale balances was 151% (+509K BTC).

Stablecoin net flows have been positive in 15/16 weeks through 2024.
-This past week saw +$3.4bn in flows, 3rd highest this year.
-Stablecoins in circulation could easily smash ATHs this year
-Probably nothing 👀

Excluding algorithmic stables, total stablecoin market cap is back to within 10% of its 2022 peak. Higher.

#Ethereum L2 #BASE is more profitable than #Solana .

Counting Down: Bitcoin’s halving is 17 blocks away!

In tandem, our markets team just dropped a report summarizing our current views on the short and long-term outlook for $BTC - including the impact of Bitcoin’s 4th halving.

Everything you need to know 🧵

#Ethereum L2 #BASE is more profitable than #Solana .

Bottom is in🤣

In the face of the imminent #Bitcoin halving, a potentially more potent catalyst looms for the #crypto space: Global Liquidity.

The surge in Global Liquidity is hinting at an even more significant bullish wave.

We are going much higher!

👀 #Google Searches for #BitcoinHalving reached an All-Time High a few days back. Although #BTC Price had quite some pullback and could be on the verge of another correction down to 50k ish area, this might help to preserve that slump.

Ethereum is cheap.

And growthepie.xyz 🥧📏 just rolled out the best L2 fee chart in crypto. 👏

Over 27,700 $BTC, worth around $1.72 billion, have flown into accumulation addresses as #Bitcoin dropped below $63,000!

Real world assets are having their 0-to-1 moment. Tokenized treasuries on-chain have increased 10X in 15 months.

🚨BREAKING: Base 🛡️ is #1 in daily active addresses, daily transactions among L2s

Ein Token-Boom auf der #Bitcoin #Blockchain steht bevor. Was man über das #Runes Protocol wissen muss und wie man profitieren kann.

Leon Waidmann | On-Chain Insights🔍 berichtet.
btc-echo.de/news/wie-du-vo…

In diesem Leitfaden erfährst du, wie du Ordinals, BRC-20 Token und Runes auf der #Bitcoin ( #BTC ) #Blockchain handeln kannst.

Leon Waidmann | On-Chain Insights🔍 berichtet.
btc-echo.de/news/wallet-gu…

If the Israel <> Iran situation de-escalates (tbd), crypto's leverage reset and weak-hand flush is a nice setup going into the halving.

BlackRock is the world's largest asset manager, with $10 trillion in assets under management.

We researched the firm's crypto strategy, so you don’t have to.

Here's what we found:

1. DIGITAL ASSETS (ASSET CLASS)

The firm divides the crypto asset class into three different

Ethereum gas price:
Almost 500 gwei

Ethereum blob price:
1 wei, basically free

Gotta love these independent markets

📉Despite a notable decrease in revenue from L2s for #Ethereum Mainchain post-Dencun upgrade, don't miss the big picture:

#ETH 's adoption on L2 networks is exploding! 🚀

Over time, the increase in L2 activity will be a massive net PLUS for the value of ETH!