Ethereum has been making headlines a lot lately due to the upcoming upgrade that will have the fees dropping substantially.
They already came down a lot this week, and users are starting to notice this, and the adoption of ETH is rapidly rising.
Check out a relevant tweet in this direction:
Transaction fees on Ethereum have come down substantially this week.
— unfolded. (@cryptounfolded) April 27, 2021
The latest data coming from Glassnode reveals the newest novelties that are happening during the week.
The notes reveal that the weak hands are being shaken, and strong hands are holding strong according to the data that Glassnode presents.
“Bitcoin price continued to slide this week, opening at a high of $57,425 and trading down to an intra-day low of $47,159 over the weekend. Despite weak price performance, on-chain data indicates old coins remain tightly held, miners have recommenced accumulation, and the majority of transaction demand is coming from short term holders,” Glassnode notes.
We suggest that you check out the complete notes in order to learn all the details that are available.
Ethereum DeFi lending platforms hit ATH
Messari revealed the news on Twitter, and they addressed the progress made by decentralized finance (DeFi) platforms Aave, Compound (COMP) and MakerDAO (MKR).
“The lending sector went parabolic during the first quarter of 2021. DeFi’s most popular lending platforms reached $25 billion, the highest the sector has ever seen, including Aave, Compound, and MakerDAO.”
They also noted that the value of outstanding loans in the sector has also reached an ATH with Compound, MakerDAO and Aave capturing the lion’s share of the market.
Stay tuned for more news.