Over the past 12 months, Bitcoin grew by 308%, Ethereum added 713% over the same period. Key metrics indicate that this difference will only increase.
The cost of Bitcoin in the second half of 2020 provided institutional investors who wish to avoid further devaluation of the dollar. The greatest interest they had publicly traded cryptocurrency funds and mining companies. It is enough to look at the shares of any of them to make sure the character of demand.
However, the cryptocurrency community prefers not Bitcoin and not to the mining companies, but Ethereum. This network allows you to build decentralized applications based on smart contracts, and the launch of ETHEREUM 2.0 in December 2020 will allow the PROF-OF-STAKE protocol in the future to get out of problems with scalability and growth of commissions.
In early November, a deposit contract was activated to work on the new protocol: each wishes can block from 32 ETH and become a new network validator. After a complete launch, the reserved ETH will automatically turn into ETH 2.0. For holding coins (Staying), a remuneration is provided that is now estimated at 9% per annum, according to Beaconcha.in. For incomplete two months, the total pool size has almost reached $ 4 billion, and the share of "frozen" Ethereum was 2%.
The Defi market, which is 97% secured by the ERC-20 tokens (smart contracts of the Ethereum network), continues to grow as on yeast, despite the concerns of the regulators by this segment.
The monthly trading volume on decentralized stock exchanges (DEX) has reached a new maximum of $ 30 billion, and the number of unique addresses interacting with DEFI has exceeded 1 million.
On January 19, the MESSARI Analytical Agency published Tweets that the daily volume of transactions in the Ethereum network is $ 12 billion and exceeds Bitcoin by 28%.
The continuing DEFI market boom, the high yield from Stayking and the excellent prospects for the extension of the Ethereum network make it cryptocurrency the most demanded among orthodox cryptoinvestors. Ethereum already overtakes Bitcoin for a number of parameters, it remains only for the total capitalization.
Analytical group Stormgain.
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