Ethereum seems to be having a great year so far with some fundamental metrics hitting multi-month highs over the past week.
Everything from the number of transactions per day to amounts raised via token sale are getting closer to all-time highs, which points to a steady increase in the platform's popularity.
Ethereum's on-chain metrics the highest they've been in months.
Although ETH prices are down 85 percent since its all-time high in December 2017, Ethereum seems to be recovering better than many other cryptocurrencies.
While some of these improvements follow the overall improvement in the crypto market stemming from the recent bull market, most are a direct result of an increased interest in Ethereum itself.
According to data from Etherscan, the number of on-chain transactions per day has increased to almost 910,000 in the past week-up from a yearly low of 430,000 in February.
The average transaction value per day has also significantly increased to almost $1,000, up from the yearly low of $388 in February.
The increase in the number and average value of transactions has also led to a decrease in transaction fees.
According to data from CoinMetrics, the number of monthly active addresses on Ethereum reached a new nine-month high.
Ethereum also has fewer users and transactions than EOS and Tron, which is mostly due to the fact that the latter do not charge transaction fees.
Ethereum fundamentals showing strong growth, healthy on-chain metrics
pubblicato su Jun 10, 2019
by Cryptoslate | pubblicato su Coinage
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