Beacon Chain

Cumulative Beacon Chain Deposits

Beacon Chain Deposits and Withdrawals

Ethereum Gas Market

Ethereum Gas fees burnt from the total supply

• Network activity Ethereuem layer 1 has remained subdued since the 14 of March
• The longer this trend persists, the more we can attribute this subdued activity to the Dencun upgrade which the largest Layer 2 protocols are fully utilizing

Average cost to transfer ETH (21,000 Gas)

Ethereum Blob Gas Used

• Blobspace utilisation on the Ethereum network has decreased significantly since last week
• This decrease can be explained by the reduced utilisation of blobs by the BlobScription protocol as demand for minting new BlobScriptions has now subsided

Excess Blob Gas

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Borrowing and Lending

Liquidity-weighted average lending yields across Aave & Compound

• Lending markets continue to exhibit their weeks-long period of subdued activity
• Apart from the occasional spikes, yields offered by stablecoins continue to trade rangebound between 5% and 15% on an annualised basis
• Stablecoin TVL’s across both Aave and Compound have since little change in the last 2 weeks

Total Stablecoin value locked in Aave and Compound

USDC TVL

USDT TVL

DAI TVL

TUSD TVL

WBTC TVL

WETH TVL

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Uniswap V3

Uniswap V3 Hourly Volumes

Uniswap V3 Hourly Transaction Count

Liquidations

Aggregate Liquidations across Aave & Compound

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