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Ethereum
Ethereum, a decentralized blockchain platform, has emerged as a prominent player in the world of cryptocurrencies. It is not just a digital currency like Bitcoin but also a platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Ethereum's underlying technology, powered by its native cryptocurrency Ether [ETH], offers a secure and transparent environment for executing peer-to-peer transactions without the need for intermediaries. With a vast community of developers, businesses, and individuals involved, Ethereum has become a hub for innovation and collaboration in the crypto space. Companies across various industries are exploring the potential of Ethereum's smart contract capabilities to streamline operations, enhance security, and reduce costs. Moreover, Ethereum's open-source nature allows for the creation of new protocols and blockchain networks, fostering interoperability and scalability within the ecosystem. Crypto exchanges play a crucial role in facilitating the trading of Ethereum, providing a platform for individuals and institutions to buy, sell, and store their ETH securely. As the demand for Ethereum continues to grow, so does the number of exchanges offering ETH trading pairs, ensuring liquidity and accessibility for investors.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
Layer 2, Decentralized Exchanges Show Strong Growth on Ethereum in Q1 2022
However, the average daily active addresses increased nominally, implying most growth came from existing users.

Gate Ventures on Track to Close $200M Crypto Fund by Q3
The VC arm of Gate.io will invest in layer 1 and layer 2 protocols that can help build an open internet.

Morgan Stanley: Over 100 Crypto Assets Added Last Week
A note published by investment bank Morgan Stanley highlighted that despite the recent fall in cryptocurrency prices, 100 new digital assets were created on decentralized finance (DeFi) exchanges over the past week. “The Hash” group discusses the significance of this statement, noting the abundance of new tokens built on top of layer 1 chains like Ethereum.

Ethereum Name Service NFTs Overtake BAYC in Daily Trade Volume
The ENS NFTs have seen a surge in volume today as investors dive in to purchase three- and four-digit domains.

Evmos, the EVM-Compatible Cosmos Chain, Mounts a Comeback
After a botched launch in March, the blockchain has relaunched with new tools for users looking to claim airdropped tokens.

Ethereum Rollup Optimism Launches DAO, Announces Long-Awaited Airdrop
Crypto Twitter has lit up with users excited to learn they will be eligible to claim Optimism’s OP tokens in an upcoming “season of airdrops.”

So What if the Ethereum Foundation Holds Fiat?
The Ethereum Foundation disclosed in an annual report that nearly 20% of its treasury is made up of non-crypto investments.

Crypto Funds Saw Minor Outflows Last Week
Some $7 million flowed out of digital asset funds in the week through April 22.
