Crypto data aggregator CoinMetrics has compiled a list of 100 insights into the recent performance of the digital asset markets — and the figures add up to a very bullish picture for the ecosystem.
Released to celebrate the 100th issue of its State of the Network verslag doen van, the list notes that a $100 investment made into Dogecoin 100 days ago would be worth $2,742 today — outperforming the same $100 investment in Bitcoin (which would be valued at $135 vandaag), Ethereum ($186), en Uniswap ($401).
The report states that Bitcoin has seen $14.5 billion worth of “trusted trading volume” in 100 dagen, alongside $6.1 billion worth Ether, $2.4 billion worth of XRP, $2.3 billion worth of DOGE, en $1.3 billion worth of Cardano (ER BESTAAT) Over dezelfde periode.
When looking at recently active addresses, veteran networks appear to still be the most popular — with nearly 611,000 active daily Ethereum addresses over the past 100 dagen, en 1.12 million active Bitcoin wallets. Bitcoin set a new record for daily activity on April 14 met 1.36 million wallets engaging with the network.
In het verleden 100 dagen, een totaal van 1.4 million addresses have engaged with the top DeFi protocols — Uniswap, Aave, Compound, MakerDAO, and Synthetix — while the Litecoin network has hosted 24.4 million active wallets.
Users are paying to access the Ethereum mainnet at an accelerated pace, met $2.3 billion of the $3.17 billion in total fees that have ever been generated by Ethereum, having been recorded since the start of 2021. Daarentegen, Bitcoin has generated roughly $2 billion fees over the network’s lifetime.
The average Bitcoin transaction fee was $20.68 in het verleden 100 dagen, while Ethereum transactions averaged $16.68 Over dezelfde periode. Bitcoin’s average transaction size of $30,000 has been almost double Ethereum’s $15,660 sinds het begin van 2021.
Despite Ethereum’s impending transition to Proof-of-Stake, Ethereum hash-rate has grown at 4.5 times the rate of Bitcoin since the start of the year, with Ethereum up 89% while Bitcoin’s hashing power has increased by 20%.
The report also notes the surging popularity of stablecoins, with Tether’s supply on Ethereum increasing from 13.5 miljard tot 24.4 billion this year— however that was outshone by the amount of USDT on TRON, which grew from 6.8 miljard tot 26 miljard. USDC expanded 234%, van 4.1 miljard tot 13.7 miljard, and circulating DAI was up 192%, van 1.2 miljard tot 3.5 miljard, since the start of the year.
“It took about 2.5 years for stablecoin supply to grow from 1B to 10B. It took less than a year to grow from 10B to over 75B,” CoinMetrics wrote, toevoegen:
Total stablecoin supply is on pace to pass $100 billion before the end of 2021.”
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