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 9 out of 10 multichain devs work on an EVM chain Electric Capital

9 out of 10 multichain devs work on an EVM chain Electric Capital


Published: 2024-01-18


1. Main Topic: Ethereum Network Development Report for Q4 2023 The article discusses a recently published report by Electric Capital that provides insights into the development of the Ethereum network during the fourth quarter of 2023. Electric Capital,a crypto-focused venture capital firm,highlights key milestones and advancements achieved by the Ethereum network during this period. The report emphasizes the ongoing improvements made to the scalability of the network through the implementation of various protocols,including Ethereum 2.0. It also highlights the growth of decentralized applications (DApps) on the Ethereum platform,including their usage and adoption. The report further delves into the advancements in Ethereum's infrastructure,such as the implementation of layer-two scaling solutions and the development of interoperability between different blockchain networks. These improvements aim to address the existing challenges in scalability,transaction fees,and network congestion. Additionally,the report sheds light on the growth of the Ethereum ecosystem during Q4 2023,including the increased activity in decentralized finance (DeFi) and the rising trend of non-fungible tokens (NFTs). It provides insights into the adoption and usage of decentralized exchanges,lending platforms,and other DeFi protocols on the Ethereum network. Overall,the report paints a positive picture of the Ethereum network's development during Q4 2023 and showcases the progress made by the Ethereum community in overcoming scalability issues and expanding the overall ecosystem.

2. Topic 1: Scalability Improvements and Ethereum 2.0 (147 words) The report emphasizes the significant progress made in addressing the scalability concerns of the Ethereum network during Q4 2023. It highlights the implementation of Ethereum 2.0,a major network upgrade that aims to improve performance and increase transaction throughput. The integration of various layer-two scaling solutions is also discussed,as these protocols help alleviate network congestion by moving some transactions off the main Ethereum chain. The report suggests that these initiatives have led to a noticeable improvement in transaction confirmation times and reduced gas fees for users. This focus on scalability demonstrates the Ethereum community's dedication to making the network more efficient and user-friendly.

3. Topic 2: Decentralized Finance (DeFi) Growth (114 words) The report outlines the remarkable growth of the decentralized finance (DeFi) sector on the Ethereum network during Q4 2023. It highlights the increased adoption and usage of various DeFi protocols,such as decentralized exchanges (DEXs),lending platforms,and yield farming. The report attributes this growth to the expanding range of financial products and services offered by DeFi platforms,as well as the increasing awareness and participation of users. It also delves into the rising trend of leveraging DeFi protocols for borrowing and lending purposes,as well as the potential risks and challenges associated with the rapid expansion of this sector.

4. Topic 3: Non-Fungible Tokens (NFTs) and Ethereum Ecosystem Expansion (98 words) The report discusses the growing popularity and adoption of non-fungible tokens (NFTs) on the Ethereum network during Q4 2023. It highlights the increased interest from artists,collectors,and mainstream media in leveraging NFTs for digital art,collectibles,and intellectual property rights. The report explores the impact of high-profile NFT sales and collaborations on the Ethereum ecosystem,as well as the challenges related to scalability and sustainability. Furthermore,it sheds light on the development of NFT marketplaces and platforms,as well as the potential integration of NFTs into various industries beyond art and entertainment.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 ETH title=ETH 3,758.38 3,448,514,244.40
2 ARS title=ARS 1,230.30 2,615,371,177.90
3 BTC title=BTC 67,831.62 2,504,970,713.36
4 PEPE title=PEPE <0.01 1,054,861,269.97
5 SOL title=SOL 172.21 903,450,021.59
6 PEOPLE title=PEOPLE 0.08 324,739,221.79
7 DOGE title=DOGE 0.16 305,355,920.03
8 XRP title=XRP 0.52 282,093,298.79
9 WIF title=WIF 2.83 263,050,686.34
10 ETHFI title=ETHFI 4.75 262,564,214.05
11 BONK title=BONK <0.01 250,763,534.71
12 ENA title=ENA 0.85 187,799,541.35
13 BOME title=BOME 0.01 175,508,349.66
14 OP title=OP 2.59 174,053,386.49
15 ETC title=ETC 32.55 159,756,562.25
16 RNDR title=RNDR 10.20 146,360,420.25
17 NEAR title=NEAR 7.61 133,293,287.92
18 FLOKI title=FLOKI <0.01 133,190,495.85
19 WLD title=WLD 4.69 118,385,788.15
20 AVAX title=AVAX 37.54 104,459,619.81
21 ENS title=ENS 23.26 99,987,884.05
22 EDU title=EDU 0.97 96,214,529.49
23 MATIC title=MATIC 0.72 83,793,696.75
24 LINK title=LINK 16.09 83,261,966.00
25 RUNE title=RUNE 6.23 82,148,034.30
26 LTC title=LTC 83.51 74,906,841.46
27 LDO title=LDO 2.17 70,421,239.45
28 FIL title=FIL 5.70 68,690,875.18

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 ConstitutionDAO title=PEOPLE 0.08 +25.95
2 Ether.fi title=ETHFI 4.75 +19.30
3 Open Campus title=EDU 0.97 +14.68
4 Unifi Protocol DAO title=UNFI 5.56 +12.63
5 Ethereum Name Service title=ENS 23.26 +9.20
6 Manta Network title=MANTA 1.74 +8.46
7 Bonk title=BONK <0.01 +7.37
8 Ethereum Classic title=ETC 32.55 +7.28
9 Pendle title=PENDLE 6.39 +6.68
10 Pepe title=PEPE <0.01 +6.51
11 Renzo title=REZ 0.13 +5.93
12 Gnosis title=GNO 348.20 +5.42
13 Lido DAO title=LDO 2.17 +4.89
14 Illuvium title=ILV 97.15 +4.00
15 Blur title=BLUR 0.42 +3.50
16 Spell title=SPELL <0.01 +3.13
17 Hooked Protocol title=HOOK 0.92 +3.10
18 RONIN 3.20 +2.67
19 Bittensor title=TAO 453.20 +2.51
20 Ethena title=ENA 0.85 +2.40
21 Alchemix title=ALCX 26.44 +2.32
22 Horizen title=ZEN 9.37 +2.29
23 Metis title=METIS 77.44 +2.12
24 SSV Network title=SSV 45.04 +2.04
25 Rocket Pool title=RPL 21.85 +1.82
26 High title=HIGH 4.20 +1.79
27 Santos FC Fan Token title=SANTOS 6.03 +1.67
28 API3 title=API3 2.77 +1.61
29 PancakeSwap title=CAKE 2.95 +1.58
30 DeXe title=DEXE 12.18 +1.32

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Arkham title=ARKM 2.32 -11.30
2 Axelar title=AXL 0.88 -11.22
3 ORDI title=ORDI 37.37 -9.95
4 SingularityNET title=AGIX 0.97 -9.88
5 Mandala Exchange title=MDX 0.06 -9.46
6 Ren title=REN 0.06 -9.25
7 Ocean Protocol title=OCEAN 0.97 -9.10
8 Yield Guild Games title=YGG 0.86 -9.00
9 1000SATS (Ordinals) title=1000SATS <0.01 -8.73
10 JOE title=JOE 0.45 -8.65
11 StormX title=STMX <0.01 -8.55
12 UMA title=UMA 3.29 -8.47
13 RSK Infrastructure Framework title=RIF 0.15 -8.37
14 iExec RLC title=RLC 3.02 -8.36
15 NFPrompt title=NFP 0.46 -7.91
16 Theta Network title=THETA 2.28 -7.89
17 Render title=RNDR 10.20 -7.87
18 League of Kingdoms title=LOKA 0.27 -7.83
19 Worldcoin title=WLD 4.69 -7.77
20 Jito title=JTO 3.65 -7.75
21 Arweave title=AR 41.10 -7.72
22 Wanchain title=WAN 0.24 -7.72
23 Sleepless AI title=AI 1.06 -7.57
24 Cream title=CREAM 66.77 -7.43
25 Cortex title=CTXC 0.31 -7.30
26 dogwifhat title=WIF 2.83 -7.24
27 Atlas Aggregator title=ATA 0.16 -7.22
28 Kava Lend title=HARD 0.18 -7.10
29 LINA title=LINA <0.01 -7.01
30 Bluzelle title=BLZ 0.26 -6.96

Bitcoin's Greed and Fear Index.

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Global CryptoCurrency News

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