Ethereum (ETH) recently became <a href="https://cryptoslate.com/ethereum-becomes-most-deflationary-in-history-dropping-to-0-0032/">the most deflationary</a> it had historically ever been amid the FTX collapse, reaching a deflationary percentage of -0.00514%, but as of Nov 29, ETH has lost almost all deflationary gains.

Kiln recently announced the conclusion of its Series A funding round. The platform collected over 17 million dollars with the help of names like Illuminate Financial, ConsenSys, Kraken Ventures, GSR, Leadblock Partners, Sparkle Ventures, etc.

Gas usage on layer 2 networks for Ethereum hit an all-time monthly high. The statistic has grown by roughly 300% year over year.

Germany operates one of the world’s largest networks of Ethereum validators, according to the 2022 German Blockchain report published by CV VC Labs. The report which offers a structural overview of the country’s blockchain ecosystem, also indicated Germany accounts for nearly 6% of Europe’s blockchain funding.&nbsp;

A joke about Wrapped Ethereum (WETH) depegging has briefly shaken the price of Ethereum and could catalyse a drop by ETH to the $1k support level.

Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for <a href="https://ambcrypto.com/how-the-latest-uptick-in-whale-interest-really-helps-ethereum-eth/">Ethereum</a>, made massive strides in terms of activity.

Bitcoin fell to a six-day low to start the week, as the token moved closer to the $16,000 level. The drop sees prices fall for a fifth straight session, with overall sentiment in the cryptocurrency market turning bearish. Ethereum was once again trading below $1,200, after trading above this point in recent days.

Germany operates one of the world’s largest networks of Ethereum validators, according to the 2022 German Blockchain report published by CV VC Labs.

Decentralized lending protocol Aave has temporarily frozen lending markets for 17 tokens in an effort to protect itself from taking on bad debt due to future market manipulation attacks.&nbsp;

Ether (ETH) traded weak early Monday amid reports of large cryptocurrency transfers to Binance.