Since Ethereum’s inception in July 2015, the cumulative value transferred through its network has reached $986 billion. The Block reports this, citing data from analytics firm CoinMetrics.
Source: The Block.
The number of unique addresses over this period has grown by nearly 57 times, from 9,206 to more than 523,000.
The total revenue from ETH mining surpassed $7 billion. The record year was 2018: miners earned $3.75 billion. In 2019, this figure fell by a factor of four, to $932 million.
Hash rate of Ethereum peaked in 2018, approaching 300,000 GH/s. Currently this metric sits around 200,000 GH/s.
Network utilisation has repeatedly risen above the 90–95% level since mid-2017. At present this figure stands at around 96%.
The total market capitalization of Ethereum-issued stablecoins this year has surpassed $8 billion, having almost tripled since the start of January.
The Ethereum-based DeFi ecosystem drew $223 million in venture capital investments and $577 million from token sales since February. The total value locked in DeFi protocols exceeds $4.24 billion, according to DeFi Pulse. Since the start of June, this figure has risen more than fourfold.
Main sectors and key players in the decentralised finance ecosystem
Earlier Ethereum raised the gas limit by 4%, bringing this metric toward 12.5 million Gwei.
Against this backdrop, the median network fee has risen significantly. Ethereum co-founder Vitalik Buterin acknowledged the problem of high user costs when interacting with the network, proposing a radical change to how miners are rewarded.
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