Ethereum

ETH 2.0

Read

Ethereum Name Service

View

<div class="coingape"> 
 <h2 id="ethereum-staking-makes-new-ath">Ethereum Staking Makes New ATH</h2> 
 <p><span style="font-weight: 400;">Investors, eyeing a 3.29% yearly yield, have staked these tokens expressing their faith in the Ethereum network. Even if they can’t make short-term sales, </span><span style="font-weight: 400;">investors</span><span style="font-weight: 400;"> are ready to lock up substantial amounts for returns.</span></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">📈 #Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 27,407,435 ETH</p> 
  <p>View metric:https://t.co/SzbMPqvhlb pic.twitter.com/GDUfBsMe58</p> 
  <p>— glassnode alerts (@glassnodealerts) August 14, 2023</p>  
  <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
   <div class="NewTrendin dsdsd m-on"> 
    <h5> 
     <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
     </svg>Recommended Articles </h5> 
    <div class="TrendSList owl-carousel owl-relatedpostar"> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/13/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/13/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/14/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/14/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/13/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/13/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/13/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/13/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/12/48cfebc8a0493db9937bed5dd005ee19.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/12/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
     </div> 
    </div> 
   </div> 
  </div> 
 </blockquote> 
 <p></p> 
 <p>&nbsp;</p> 
 <p><span style="font-weight: 400;">Additionally, there’s been a notable uptick in the Ethereum Name Service (ENS) fees. On August 13, the ENS </span><span style="font-weight: 400;">accumulated</span><span style="font-weight: 400;"> a record-breaking $235,000 in fees. It’s the highest in almost a year since September 11, 2022. </span><span style="font-weight: 400;">Ethereum Name Service (</span><span style="font-weight: 400;">ENS</span><span style="font-weight: 400;">) was up 0.18% from its 24-hour low of $8.93 at press time. ENS market cap and 24-hour trading volume rose 0.05% and 16.87% to $265,548,681 and $6,149,789 during the recovery.</span></p> 
 <p><span style="font-weight: 400;">This surge indicates a growing demand for these unique Ethereum domains. Consequently, crypto journalist Colin Wu says these personalised addresses, simplifying complex blockchain codes, have crossed the 2.6 million mark.</span></p> 
 <h2 id="b-ethereum-s-burn-rate-slumps-b"><b>Ethereum’s burn rate slumps</b></h2> 
 <p><span style="font-weight: 400;">However, the burn mechanism of </span><span style="font-weight: 400;">Ethereum</span><span style="font-weight: 400;">, viewed by many as a counter to inflationary pressures, is showing signs of cooling. On August 12, Ethereum saw a 570.54 ETH burn rate, close to the previous low of 498.16 ETH in October 2022.</span></p> 
 <p><span style="font-weight: 400;">Moreover, a deeper </span><span style="font-weight: 400;"><a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></span><span style="font-weight: 400;"> reveals a significant movement from Ethereum’s Layer 1 (L1) to Layer 2 (L2) alternatives like Arbitrum and Base. These solutions manage transactions outside the main chain, reducing the burden on Ethereum’s mainnet. As a result, the number of transactions contributing to Ethereum’s burn rate has decreased.</span></p> 
 <h2 id="b-eth-usd-technical-analysis-b"><b>ETH/USD technical analysis</b></h2>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span style="font-weight: 400;">Ethereum (ETH) has been under bearish pressure in the previous 24 hours after bulls failed to break the $1,859.92 barrier. Bulls, however, halted bear reign as ETH traded at 1,850.38, up 0.09% at press time. Despite this short-term decline, ETH remains over $1,800, indicating strong market buying.</span></p> 
 <p><span style="font-weight: 400;">The trading volume of ETH increased by 97.46% to $4,138,397,065 while the market capitalization decreased by 0.12% to $221,859,615,533, indicating that while some investors are cashing out, many are </span><span style="font-weight: 400;">actively</span><span style="font-weight: 400;"> trading and trust in the ETH’s potential.</span></p> 
 <p><img decoding="async" class="size-full wp-image-156604" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20705%20542'%3E%3C/svg%3E" alt="ETHUSD Price " width="705" height="542" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/15/ca435c7a9993fb78a20141be7191b04e.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-156604" src="https://cdn.thebittimes.com/images/2023/08/15/ca435c7a9993fb78a20141be7191b04e.webp" alt="ETHUSD Price " width="705" height="542"> 
  </noscript></p> 
 <p><span style="font-weight: 400;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;ETH/USD price chart (source: </span><span style="font-weight: 400;">CoinMarketCap</span><span style="font-weight: 400;">)</span></p> 
 <p><span style="font-weight: 400;">Besides technical shifts, the Ethereum space faces challenges from dwindling institutional interest. These institutions, with their vast financial clout, drive the burn rate. Without them, Ethereum’s burn rate might remain substandard.</span></p> 
 <p><span style="font-weight: 400;">While Ethereum remains a dominant force in the crypto world, these recent trends warrant close monitoring. The blend of record staking, surging domain fees, and a diminishing burn rate presents a complex picture for investors and enthusiasts alike.</span></p> 
</div>

Ethereum Shines As Staking Hits All Time High, ENS Fees Surges

Table of Contents

TheBitTimes

Other articles published on Aug 14, 2023

BNB Chain Updates to Combat Compatibility Issues with EVM Chains

BTC Price Analysis: With Another Higher Low, Will Bitcoin Find A Launchpad To Surpass $30K?

Amidst Ethereum Reduced Momentum, DigiToads and Cardano Take the Limelight

AI Hunts Down 95K 'Free Giveaway' Scams on Twitter

NYSE: HKD Stock Significantly Declining; Buyers Seem Afraid

a16z and Paradigm Backs Coinbase in Dispute with SEC

Join our free newsletter for daily crypto updates!