Crypto data aggregator CoinMetrics has compiled a list of 100 insights on the recent performance of the digital asset market, and this figure shows a very optimistic picture of the ecosystem.
Released to commemorate the 100th issue. Network status According to reports, this list is currently worth $2,742 if you invest $100 in Dogecoin 100 days ago. It outperforms the same $100 investment in Bitcoin (currently worth $135), Ethereum ($186), and Uniswap ($401).
According to the report, Bitcoin had a “trusted volume” worth $14.5 billion over 100 days, and over the same period, $6.1 billion worth of Ether, $2.4 billion worth of XRP, $2.3 billion worth of DOGE, and 1.3 billion dollars. It hits the dollar worth of Cardano (ADA). term.
Looking at the recently active addresses, the veteran network still seems to be the most popular. There are nearly 611,000 active Ethereum addresses and 1.12 million active Bitcoin wallets in the last 100 days. Bitcoin set a new record for its daily activity on April 14, with 1.36 million wallets joining the network.
In the past 100 days, a total of 1.4 million addresses have participated in top DeFi protocols such as Uniswap, Aave, Compound, MakerDAO and Synthetix, and the Litecoin network has hosted 24.4 million active wallets.
Users are paying fast to access the Ethereum mainnet with $2.3 billion out of a total fee of $31.7 billion incurred on Ethereum recorded since the beginning of 2021. Bitcoin, on the other hand, generated a fee of about $2 billion. Over the life of the network.
The average bitcoin transaction fee was $20.68 over the last 100 days, while Ethereum transactions averaged $16.68 over the same period. Bitcoin’s average transaction size of $30,000 is nearly double that of Ethereum’s $15,660 at the beginning of 2021.
Despite the imminent transition to Ethereum’s proof-of-stake, Ethereum hashrate has grown to 4.5 times that of Bitcoin since the beginning of the year, while Ethereum has increased by 89%, while Bitcoin’s hash power has increased by 20%.
The report also mentions the soaring popularity of Stavalcoins as Tether’s supply to Ethereum has grown from 13.5 billion to 24.4 billion this year. However, this surpassed the amount of USDT for TRON, an increase from 6.8 billion to 26 billion. USDC increased 234% from 4.1 billion to 13.7 billion, and distribution DAI increased 192% from 1.2 billion to 3.5 billion since the beginning of the year.
“It took about 2.5 years for the stablecoin supply to grow from 1 billion to 10 billion. It took less than a year to grow from 10 billion to over 7.5 billion,” CoinMetrics wrote:
The total stablecoin supply will exceed $100 billion before the end of 2021.”