Traders turn bearish as Ethereum’s prices start to decline. MEV transactions and sandwich attacks on the Ethereum network increase as profits made by them go up high.
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Arbitrum’s stablecoin outflow declined as fees collected by the protocol fell. However, the positive performance of new dApps on the network could prove beneficial for the Arbitrum ecosystem in the long run.
Ethereum addresses haven’t fully unstaked all their ETH. With rising MVRV ratios, it is possible that the addresses may sell their ETH after all their initially staked Ethereum gets acquired.
With multiple Layer 2 solutions fighting for the top spot, zkSync and Arbitrum have been showing the most growth. Polygon and Optimism fall behind as other protocols start to take the lead.
Bitcoin miners could be relieved of some selling pressure as electric costs could go down in U.S in the latter half of this year. Currently, miners were observed to be struggling in terms of generating revenue.
Uniswap’s expiration of its V3 license could help other decentralized exchanges get ahead in the race for dominance in the DeFi space. Protocols will be able to copy Uniswap’s source code with no consequences.
The U.S government has a large amount of Bitcoin that it is planning to unload in phases. If a pattern emerges from these sell-offs, traders could profit from the volatility caused by such events.
Hundred Finance, a DeFi protocol on the Optimism network gets hacked. Despite large funds stolen after the hack, the Optimism protocol and token remain largely unharmed.
Aave has begun making changes to its protocols through the new proposals. These changes could possibly improve the declining fees generated by the protocol.
Lido receives a massive sum of ARB from Arbitrum. Withdrawal credential rotation gets completed on the protocol as activity rise.
Bitcoin whales have once again started to accumulate their BTC holdings after a period of distribution. Traders begin to take short positions against BTC despite whale interest.
Blue chip NFTs such as y00ts and DeGods migrating from Solana did not impact Solana negatively as number of mints on the protocol start to surge.