Ethereum broke out of a one-week consolidation streak on Monday when it outperformed Bitcoin (BTC) to reach $3,730. The price increase highlights rising social media activity for Ethereum following Vitalik Buterin’s speech at Tuesday’s Hong Kong Web3 carnival.
Ethereum co-founder Vitalik Buterin addressed crypto traders and web3 market participants at the Hong Kong web3 carnival on Tuesday. Buterin’s Ethereum Ecosystem diagram included Layer 2 projects that use Ether for data availability while leaving out projects that use other chains like Celestia.
Toncoin, the native token of Layer 1 decentralized computer network, hit a new all-time high early on Tuesday. TON price climbed to $7.12 on OKX, hitting a new record.
