{"id":26774,"date":"2020-08-03T12:01:41","date_gmt":"2020-08-03T09:01:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26774"},"modified":"2025-08-26T16:32:15","modified_gmt":"2025-08-26T13:32:15","slug":"over-five-years-ethereum-transactions-total-1-trillion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/over-five-years-ethereum-transactions-total-1-trillion\/","title":{"rendered":"Over five years, Ethereum transactions total $1 trillion"},"content":{"rendered":"

Since Ethereum’s inception in July 2015, the cumulative value transferred through its network has reached $986 billion. The Block<\/a> reports this, citing data from analytics firm CoinMetrics.<\/p>\n

\"Over<\/p>\n

Source: The Block.<\/p>\n<\/div>\n

The number of unique addresses over this period has grown by nearly 57 times, from 9,206 to more than 523,000.<\/p>\n

\"Over<\/p>\n

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.<\/p>\n

\"Over<\/p>\n

Hash rate of Ethereum peaked in 2018, approaching 300,000 GH\/s. Currently this metric sits around 200,000 GH\/s.<\/p>\n

\"Over<\/p>\n

Network utilisation has repeatedly risen above the 90\u201395% level since mid-2017. At present this figure stands at around 96%.<\/p>\n

\"Over<\/p>\n

The total market capitalization of Ethereum-issued stablecoins this year has surpassed $8 billion, having almost tripled since the start of January.<\/p>\n

\"Over<\/p>\n

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<\/a>. Since the start of June, this figure has risen more than fourfold.<\/p>\n

\"Main<\/p>\n

Main sectors and key players in the decentralised finance ecosystem<\/p>\n<\/div>\n

Earlier Ethereum raised<\/a> the gas limit by 4%, bringing this metric toward 12.5 million Gwei.<\/p>\n

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.<\/p>\n

Subscribe to ForkLog’s news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":1,"featured_media":26775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1320,1137,1227,1093,46,807],"class_list":["post-26774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-address","tag-cryptocurrency-mining","tag-cryptocurrency-transactions","tag-defi","tag-ethereum","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26774"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26774\/revisions"}],"predecessor-version":[{"id":26776,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26774\/revisions\/26776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26775"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}