Cardano founder Charles Hoskinson, one of the co-founders of Ethereum, stated that there are interesting and impressive developments in the Ethereum ecosystem.
Although he made interesting statements such as “Ethereum is a subset of Cardano, Charles” in his Youtube live broadcast, Hoskinson said that there were impressive developments in the Ethereum ecosystem. Expressing that Ethereum has a large and influential community, Hoskinson talked about the achievements in creating a community. Although Hoskinson expressed some criticisms, he said that Ethereum's global prevalence cannot be denied, but the success of many crypto projects such as Cardano and Solana cannot be ignored.
Charles Hoskinson stated that Ethereum co-founder Vitalik Buterin is very important to the Ethereum ecosystem and that Buterin has a solution-oriented engineering mindset. Referring to the NFT and Metaverse ecosystem, Hoskinson stated that Ethereum changed the course of the cryptocurrency ecosystem.
"Before Ethereum, the name of the game was Bitcoin. Then Ethereum appeared and there were many important developments such as NFT, Metaverse."
The amount of Ethereum on exchanges is at the highest level in the last 3 months
While the crypto money markets, together with the global markets, were priced negatively with a rapid reaction to the Russia - Ukraine war, Ethereum (ETH), the largest altcoin, fell to $ 2,300 with a decrease of close to 13 percent in the first hours of yesterday. In the evening, this sharp decline was retracted at the same speed and now the Ethereum price is back to the $2,600 band where the decline accelerated. In the hours when the selling pressure increased, the amount of Ethereum on the crypto money exchanges increased rapidly, reaching the highest level in the last 3 months.
According to Glassnode data, the amount of Ethereum found on cryptocurrency exchanges has now reached its highest level in three months. The report shows that the amount of Ethereum available on exchanges is approaching 14.8 billion ETH.
While the total value of the crypto markets slumped below $1.7 trillion amid selling pressure, liquidations in the crypto futures markets approached $500 million, and leveraged traders suffered serious losses. The largest liquidations took place in Bitcoin and Ethereum positions.