The Ethereum network has reached a new milestone, surpassing 1,1 million daily active ETH addresses. This and more news is in this handy daily digest so you're always up to date with the latest events happening within the crypto world.
Ethereum network usage is growing
📍‌The number of Ethereum daily active addresses hit a new all-time high. According to data from The Block Research, the Ethereum network saw more than 1,1 million active addresses trading its ETH cryptocurrency yesterday.
This marks a new milestone for the blockchain, which has reached a new all-time high in the number of daily active ETH addresses.
In total, the network processed 1,64 million transactions yesterday.
Current state of the crypto market
📍‌The main cryptocurrencies in the market are on the rise after the FED announcements. The US Federal Reserve has raised interest rates again by a market-expected 75 basis points in a move to stem inflation.
The news has had a positive impact on the cryptocurrency market, which has risen by almost 9% in the last 24 hours.
The price of the main cryptocurrencies on the market, such as Bitcoin, Ethereum, Cardano, Solana and Dogecoin, has recovered between 7,4% and 15,6% on Wednesday, as shown by data from CoinMarketCap.
Source: CoinMarketCap
Other cryptocurrencies, such as Lido DAO and Synthetix, show a daily gain of up to 47%.
Cryptocurrencies are an influential factor in dating
📍‌CryptoVantage has published a study that reveals the importance of cryptocurrencies in dating. According to the study, most participants considered cryptocurrency investors to be more intelligent and attractive people.
Fantom will create a vault to support the development of projects
📍‌Fantom's crypto community decides to support the development of blockchain projects. The “Ecosystem Support Vault” governance proposal was approved by the Fantom crypto community in a vote that ended on Wednesday.
The proposal calls for the creation of a support vault for the ecosystem that will be fed with one-third, or 10%, of the total value of transaction fees burned on the network.
Sam Harcourt, who presented the governance proposal in June, points out that diverting part of the fees burned on the network will allow the development of industry projects to be funded; an objective that aligns with the decentralization that the blockchain seeks to achieve and that also allows the Fantom crypto community to be empowered.
According to Fantom's voting portal, 99,7% of the crypto community voted in favor of this proposal.
SushiSwap in debate over new “Head Chef”
📍‌SushiSwap has nominated Jonathan Howard to serve as the protocol’s “Head Chef.” Howard is a full-stack engineer and co-founder of BigHeadClub who has extensive experience in computing, cryptocurrencies and more, as read in the proposal government proposal submitted on his candidacy.
However, his nomination as SushiSwap’s “Head Chef” is causing a lot of debate in the crypto community.
First, some of the protocol’s contributors feel that Howard is not experienced enough in DeFi, while the proposed salary of $800.000 per year seems to be quite exaggerated to many – especially when you consider that SushiSwap’s treasury currently holds around $19 million.
Continue reading: Arcane Research: USDC could dethrone USDT
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