The volume of transactions processed by the Ethereum network since the beginning of January grew by about 50% and exceeded the volume of transactions in the Bitcoin network in dollar terms. ETH course also grows confidently and approaches the historical maximum (ATH)
According to the latest data of Messari, the volume of transactions at the Ethereum blockchain in January reached a record $ 12 billion. The company calculates the moving average for the last 30 days. The indicator began to dramatically gain momentum on the eve of the New Year.
Ethereum's Daily Transaction Volume IS Going Parabolic.
- Ryan Watkins (@ryanwatkins_) January 19, 2021
IT NOW Settles $ 12 Billion in Transactions Daily - $ 3 Billion More Than Bitcoin.
Imagine Not Being Bullish $ ETH.
Ryan Watkins from Messari called Parabolic growth, adding that the Ethereum day now processes $ 3 billion more than Bitcoin.
Large-scale growth is associated with the movements of stablockions, most of which are based on the Ethereum blockchain. The graph shows that the turning point occurred in July 202, right before the start of DEFI-boom, which, in turn, also supported this trend.
Even bovine factors for Ethereum
The growing volume of transactions in the ETHEREUM network is not the only positive factor. Investments in ETH 2.0 grow every day. According to ETH 2.0 Launchpad, at the time of writing the article on the Beacon Chain network there are 2.59 million Eth.At current prices, this is about $ 3.4 billion, which is approximately 2.26% of the total supply. The estimated annual yield of steikers is now 9.7%, but as the amount of Staying will grow, this value will decrease. ETH 2.0 has more validators than all the alleged "Ethereum killers" - competing projects that count the leader's place. The ETH 2.0 network is not yet launched, but it is already the safest and most reliable of all.
The number of platforms and solutions of the second level is another reason for the bullshit for Ethereum. According to BitInfocharts, the value of the transaction average is $ 6.70, so fast and cheap solutions are in great demand. The Optimistic Ethereum project has deployed the main network, and Synthetix and Looopring are already offering second-level solutions for transactions and liquidity mining.
The ETH course is approaching the historical maximum
Over the past 24 hours, Ethereum went up by 8%. According to TradingView.com, at the time of writing an article ETH is traded at $ 1,320. This means that another jerk upwards will display a coin on a new price record.
Graphs also show that in January Eth tested a $ 1,400 mark, but could not overcome this barrier. The general partner of Social Leverage Howard Lindson has already announced ATH, but in January 2018, on some sites, ETH was trading above.
New All-Time High for Ethereum ... Yowza ... Yahtzee ...
- Lindzon (@howardLindzon) January 19, 2021
In any case, Ethereum is close to his peak and may well update the record this week. Or even today.
The POST transaction volume in the Ethereum network has records against the growth of ETH Appeared First On Beincrypto.