![Assessing how Ethereum [ETH] fared in all of Q3](https://i.headtopics.com/images/2022/10/8/cryptoamb/assessing-how-ethereum-eth-fared-in-all-of-q3-assessing-how-ethereum-eth-fared-in-all-of-q3-1578597347088429056.webp)
Ethereum’s [ETH] network revenue fell by a massive 86% in the third quarter of 2022, according to the report released by Bankless (an informative site focused on crypto). Reportedly, Ethereum recorded $1.96 billion in net revenue in the second quarter (Q2). Unfortunately, the third quarter was a paltry $274.12 million. Since this was the case, […]
seem to have significantly excelled. Interestingly, these two protocols constituted about 81% of the TVL increase.On the other hand, the DeFi TVL did not follow the steps of the L2 ecosystem., the TVL decreased by over 50% to $31.83 billion in the quarter. This was equivalent to 23.55 ETH. As such, the ecosystem had more liquidity outflows than liquid additions.decreased from $281.68 billion to $192.73 billion. This decline can, however, be linked to the underperforming market condition.
On the NFT market part, it was a disastrous fall from $8.32 billion to $2.08 billion. There were also declines across the money outstanding debt and increases withIn conclusion, the report showed that Ethereum was still plagued with some dark sides despite some positives in other areas. However, there were indications that the ETH network growth might return to impressive levels especially with more development coming.
Still, the Proof-of-Stake blockchain may need to fight off regulatory oversight since it caught the SEC’s attention after the merge.Subscribe to get it daily in your inbox.
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Ethereum [ETH]: This is the silver lining to its post-Merge performanceIt’s been more than 2 weeks since Ethereum’s Merge happened. However, the hype that existed before the event died down soon, with the event followed by disinterest in the cryptocurrency. Glassnode recently confirmed this outcome after observing a sustained drop in ETH Open Interest in perpetual Futures contracts. Here’s AMBCrypto’s Price Prediction for Ethereum [ETH] […]
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Ethereum [ETH]: This is the silver lining to its post-Merge performanceIt’s been more than 2 weeks since Ethereum’s Merge happened. However, the hype that existed before the event died down soon, with the event followed by disinterest in the cryptocurrency. Glassnode recently confirmed this outcome after observing a sustained drop in ETH Open Interest in perpetual Futures contracts. Here’s AMBCrypto’s Price Prediction for Ethereum [ETH] […]
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Lido Finance launches layer-2 Ethereum staking- Decoding its impact on LDOIn a series of tweets made by Lido Finance [LDO] on 6 October, the leading Ethereum [ETH] staking platform confirmed the launch of ETH staking on layer two scaling solutions with token bridging to Arbitrum One and Optimism. Lido is now on L2 🏝️ Bridge your staked ETH to Layer 2 protocols at the click […]
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