Tuesday, September 21, 2021

100 fascinating facts about crypto’s last 100 days

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Crypto information aggregator CoinMetrics has compiled a listing of 100 insights into the current efficiency of the digital asset markets — and the figures add as much as a really bullish image for the ecosystem. 

Launched to have a good time the a hundredth subject of its State of the Community report, the list notes {that a} $100 funding made into Dogecoin 100 days in the past could be price $2,742 immediately — outperforming the identical $100 funding in Bitcoin (which might be valued at $135 immediately), Ethereum ($186), and Uniswap ($401).

Worth efficiency of BTC, ETH, UNI, and DOGE over previous 100 days: CoinMetrics

The report states that Bitcoin has seen $14.5 billion price of “trusted trading volume” in 100 days, alongside $6.1 billion price Ether, $2.4 billion price of XRP, $2.3 billion price of DOGE, and $1.3 billion price of Cardano (ADA) over the identical interval. 

When taking a look at lately energetic addresses, veteran networks seem to nonetheless be the most well-liked — with almost 611,000 energetic day by day Ethereum addresses over the previous 100 days, and 1.12 million energetic Bitcoin wallets. Bitcoin set a brand new report for day by day exercise on April 14 with 1.36 million wallets partaking with the community.

Over the previous 100 days, a complete of 1.4 million addresses have engaged with the highest DeFi protocols — Uniswap, Aave, Compound, MakerDAO, and Synthetix — whereas the Litecoin community has hosted 24.4 million energetic wallets.

Customers are paying to entry the Ethereum mainnet at an accelerated tempo, with $2.3 billion of the $3.17 billion in whole fees that have ever been generated by Ethereum, having been recorded because the begin of 2021. In contrast, Bitcoin has generated roughly $2 billion charges over the community’s lifetime.

The average Bitcoin transaction fee was $20.68 over the previous 100 days, whereas Ethereum transactions averaged $16.68 over the identical interval. Bitcoin’s common transaction dimension of $30,000 has been nearly double Ethereum’s $15,660 because the begin of 2021.

Regardless of Ethereum’s impending transition to Proof-of-Stake, Ethereum hash-rate has grown at 4.5 occasions the speed of Bitcoin because the begin of the 12 months, with Ethereum up 89% whereas Bitcoin’s hashing energy has elevated by 20%.

The report additionally notes the surging reputation of stablecoins, with Tether’s provide on Ethereum growing from 13.5 billion to 24.4 billion this 12 months— nevertheless that was outshone by the quantity of USDT on TRON, which grew from 6.8 billion to 26 billion. USDC expanded 234%, from 4.1 billion to 13.7 billion, and circulating DAI was up 192%, from 1.2 billion to three.5 billion, because the begin of the 12 months.

“It took about 2.5 years for stablecoin provide to develop from 1B to 10B. It took lower than a 12 months to develop from 10B to over 75B,” CoinMetrics wrote, including:

Whole stablecoin provide is on tempo to cross $100 billion earlier than the top of 2021.”