ETH Has No Chill

Happy Monday, Blockfolians

The Lede

And it is a very happy Monday for all the ETH holders out there who are watching their coin rocket past milestones. Not only did ETH hit a new high, it cruised over $3000 and just kept going.

Bloomberg’s Joe Weisenthal jokingly captured the mood:

Meltem Demirors put it even more cleanly:

It feels distinctly like the next phase of this bull market is here.

But, as SBF would say, “not financial advice.”

Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.


Highly Relevant Reading

  • CME’s Bitcoin “Micro Futures” begin trading

  • EBay CEO intimates NFTs and crypto payments are coming

  • Report: PayPal is exploring launching their own stablecoin

  • More Bitcoin AND ETH treasury buying activity from listed companies


Community Commentary

Warnings
A pretty phenomenal statistic

A Really Big Number We Should Be Paying Attention To

$252,000,000

That’s how much revenue DeFi protocols generated for network participants last month


Final Thought

Big numbers