Currently Ethereum is a censorship resistant, credibly neutral state execution machine. It processes transactions according to predefined rules that allow anyone to write smart contracts, or more simply escrow accounts with programmatic rules and state changes. With this capability though, one can write malicious contracts.

Ethereum is a permissionless world computer that possesses (arguably) the highest amount of economic security at the time of writing, acting as the settlement ledger for a vast number of assets, applications, and services. Ethereum does have its limitations – blockspace is a scarce and expensive resource on Ethereum layer one (L1). Layer two (L2) scaling has been seen as the solution to this problem, with numerous projects coming to market in recent years, mostly in the form of rollups. However, rollups, in the strict sense of the term (meaning rollup data is on Ethereum L1), does not allow Ethereum to scale indefinitely, only allowing up to few thousands of transactions per second.

According to on-chain analyst Yu Jin's monitoring, 2 hours ago, the Ethereum Foundation address (0xde0) transferred 1,000 ETH ($2.38 million) to the 0x4e6 address. The 0x4e6 address is mainly used for the distribution of funds sponsored by the Ethereum Foundation. Since May 2021, this address has received and distributed a total of 40,900 ETH from the Ethereum Foundation.

According to on-chain data analyst @ai_9684xtpa, as reported by Jinse Finance, a whale with an address starting with 0x8Af has accumulated a total of 1,794 ETH on-chain in the past five days, worth $4.2 million, with an average purchase price of $2,338. This whale had previously made a profit of $1.1 million through ETH in November 2023.

According to OKX market information on January 10th, Ethereum's price has risen above $2400 and is currently trading at $2410.95, with a 24-hour increase of 5.15%.

One of the more interesting long-term practical benefits of the technology and concept behind decentralized autonomous organizations is that DAOs allow us to very quickly prototype and experiment with an aspect of our social interactions that is so far arguably falling behind our rapid advancements in information and social technology elsewhere: organizational governance.

According to Etherscan data, the current gas fee on the Ethereum network has dropped to 13 gwei.

According to on-chain analyst @ai_9684xtpa, a ETH whale has staked 6,209 ETH that was transferred from OKX three weeks ago. The cost of transfer was 2,253 USD. Out of the total amount, 5,121 ETH has been staked in XHash through address 0x706...7d7d5, while the remaining 1,088 ETH has been deposited in Lido through address 0x188...3b32E. The total value of the staked ETH is 13.97 million USD.

According to Etherscan data, the current gas fee on the Ethereum network has dropped to 14 gwei.

Eclipse is Ethereum's fastest Layer 2, powered by the Solana Virtual Machine (SVM). As mentioned in our initial architecture post, Eclipse combines the best pieces of the modular stack: Ethereum as the settlement layer for our enshrined validating bridge, Celestia as the data availability layer, RISC Zero to generate our zero-knowledge fraud proofs, and Solana's SVM as the execution environment.