ethVM

Do you remember where you were when the Ethereum merge went down? 🗺️📌

It was a monumental moment in more than one way - just look at how much ETH was being issued before and after!

Data powered by ethVM

But don't be tempted to send spam tokens or #NFTs to this address to get rid of them! 🙅‍♂️🙅‍♀️

Some spam tokens are actually scams and can compromise your wallet if you interact with them 🚫

The "burn address" on #Ethereum is an address where $ETH, other #ERC20 tokens, and even #NFTs are sent to be effectively taken out of circulation - a process known as "burning".

This particular address doesn't belong to any user and is solely utilized for burning tokens. 🥵

Have you heard of the Ethereum “burn address” before? 👇

0x000000000000000000000000000000000000dEaD 👀

We took a look at some of the most popular ETH L2s compared to the OG Ethereum when it comes to daily transactions.

This is what we found! Do you have a favorite Ethereum L2 at the moment? Now that OnchainSummer is over, are you still using BASE?

Data powered by @eth_VM ✨

Have you checked out the 'Recent Big Movers' on
ethVM? ✨

When you're at ethvm.com, click on 'Tokens'.

You'll see the top movers of the hour, day, or week, measured by change in price. Scroll left or right to see more trending #crypto tokens! 📈📉

🧵 4/4 Lastly, lets check out what a token swap looks like.

The “From” address is the wallet that initiated the swap. The address under “Interacted With Contract” is the address of the token they’re swapping into.

A glance below will show you exactly what tokens were swapped!

🧵 3/4 Next up is an #NFT mint. 🖼

“From” is the wallet address that minted, while “Interacted With Contract” is the NFT contract address.

Scrolling down, you’ll see how much was spent on the mint along with the #NFTs that were transferred into the minting wallet.

🧵 2/4 To begin, this is a simple $ETH transfer. 🌐

You’ll see a ‘To’ and ‘From’ address, indicating which one sent the #ETH and which one received it. 🔀

Clicking on “State” below will display exact details including before and after balances.

🧵 1/4 The longer #crypto is around, the more we'll begin to see new *types* of transactions.

From #NFT transfers to token swaps, let's take a quick look at different types of transactions on @eth_VM!

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🧵 7/7 Vetting Projects:

Last but most definitely not least - use block explorers to vet #crypto projects before investing in them!

You can do this by checking the list of wallets currently holding a token. If you see holders you previously flagged as scammers, reconsider! 🚩

🧵 6/7 Track Whales & Bad Actors:

Speaking of scams and bad token contracts, one very valuable thing you can do on a block explorer is save addresses to check on later.

This can be whales you want to follow or even bad actors who you want to avoid! ⛔

🧵 5/7 Check Validity Of Contract:

There are lots of mistakes you can make in #crypto that can lead you to losing your money. One of them is interacting with a compromised contract.

Use block explorers to double check the validity of a token contract before interacting with it!

🧵 4/7 Check The Activity On A Blockchain At Any Given Time:

Block explorers can show how many transactions were made in the past 24 hours (or the past minute!), the current price of gas, recent big mover tokens, and more.

Use this info to inform your trading strategies 🤝

🧵 3/7 Check The Status of In-Progress Transactions:

This is one of the most common ways to use a blockchain explorer after you’ve made a transaction and want to see if it’s confirmed yet or not. 👀

Is a transaction taking longer than normal? Double check it onchain! ✅

🧵 2/7 You may have heard of a lil tool in #crypto called a Block Explorer 🟥 🟦 🟨

Shoutout to @etherscan @bscscan @blockchain 🤙

But are you aware of the wealth of information available on them? Let’s take a look at some of the most common ways to utilize a block explorer! 📝

🧵 1/7 Block Explorers 101: Why They’re Important & How To Effectively Use Them

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