Ryan Sean Adams is going to take the perspective of long-term Ethereum bulls, not the obviously wrong dyed in the wool Ethereum is dead haters.

According to The Data Nerd, 8 hours ago, a new wallet with the address 0x558 received 3,700 ETH (approximately $11.53 million USD) from Galaxy Digital and subsequently deposited it into Coinbase. At the same time, Galaxy Digital also deposited 1,300 ETH (approximately $4.05 million USD) into Bitstamp. The total amount of ETH deposited was 5,000 (approximately $15.58 million USD).

According to DeFiLlama data, the trading volume of DEX on the Ethereum blockchain on May 18 was 1.491 billion US dollars, ranking first. In addition, the trading volume of DEX on the Solana blockchain yesterday was 1.072 billion US dollars, ranking second; the trading volume of DEX on the BSC blockchain yesterday was 429.75 million US dollars, ranking third.

According to Dune data, the current total amount of ETH staked on the Ethereum beacon chain is 32,604,101, which accounts for 27.2% of the total ETH supply. Among them, the stake share of the Lido liquidity staking protocol is 28.64%.

According to on-chain analyst @ai_9684xtpa, the long funds of a certain whale have increased to 5,683 ETH (worth $17.56 million), with an average long price of about $3,069.

Dune data shows that the total amount of ETH staked on the Ethereum beacon chain is 32,518,327, with 1,016,198 validators and staked ETH accounting for 27.13% of the total ETH supply. Among them, the stake share of the liquidity staking protocol Lido is 28.66%.

In April, the Ethereum network destroyed a total of 54,640 ETH, worth approximately $179 million. The data shows that since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed approximately 4.78 million ETH, worth about $12.02 billion. In addition, the trading volume of NFT markets on the Ethereum chain has dropped significantly by 34.5%, to about $476 million, and Ethereum staking revenue has further declined to $257 million, a decrease of 16.9%. In comparison, Bitcoin miner revenue in April decreased to $1.78 billion, a drop of 11.3%.

Meta Pool, a flow staking solution based on NEAR, announced the official launch of multi-chain governance. Users can obtain mpDAO on Uniswap and participate in Meta Pool governance. Currently, mpDAO can only be obtained on the Ethereum network.

The Ethereum developers held their 133rd ACDC conference call. First, they outlined the latest research on Ethereum protocol confirmation rules. Then, they discussed Pectra updates related to EIP-7547 and CFI states, and decided to put them on hold temporarily. They also updated the v1.5.0-alpha.1 specification. Regarding the implementation updates for devnet-0, most teams are making progress, but there are also some unexpected complexities. The goal is to complete devnet within 7-10 days.

According to Etherscan data, the current gas fee on the Ethereum network has dropped to 7 gwei.