Daily on-chain Briefing | August 11



Bitcoin continues to firmly hold the "big brother" position, with a price of $121,529 and a 2.03% hourly increase, proving its "iron rice bowl" status. Although Ethereum's price is far lower than Bitcoin's, its 21.87% increase over the past 7 days is impressive, clearly indicating that its ecosystem development is starting to pay off.

Recently, Ethereum has lowered the entry threshold for validators to 1 ETH with its "Validator Tickets", which is undoubtedly a bold attempt at democratization, allowing more small holders to participate in network security and enhance decentralization.

Linea's zkEVM and ETH burn mechanism act like an "accelerator" for Ethereum, enhancing scalability and supporting the prosperity of the Layer 2 ecosystem. Coupled with the influx of institutional enthusiasm for Ethereum spot ETFs, the depth and breadth of ecological construction are steadily expanding.

Ethereum is building a more inclusive and efficient future financial infrastructure through technological upgrades and community consensus.

Choose the right track and run alongside for the long term.

Regardless of market fluctuations, remember to stay rational, manage your risks well, and don't let emotions dictate your investment decisions.

Wishing you smooth trading, always remember to DYOR!
BTC-0.82%
ETH2.56%
DYOR-4.66%
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