2021-04-30 19:01:10
10 reasons $ ETH is on the way to $ 10,000
1) Ethereum is still a giant in terms of fees collected, overtaking $ BTC by this indicator at least twice
2) More than $ 30.5bn in transactions go through the $ ETH blockchain every day. This is much more than what goes through Bitcoin and any other cryptocurrency. For context, Paypal has ~ $ 2.5bn in daily transactions
3) The ether network has 625 thousand daily active addresses, this number continues to increase thanks to DeFi
4) By the way, about DeFi (Decentralized Finance). At the moment, projects on the Ethereum DeFi network have been able to attract $ 65bn of liquidity. 16 different projects have achieved liquidity that exceeds $ 1bn. This means that this cryptocurrency sphere has begun its rapid pace among institutional players.
5) $ 50 billion of stablecoins were issued on $ ETH, which are used daily by more than 500 thousand active wallets. $ 20billion stables ($ USDC $ USDT $ DAI) flow from one address to another every day
6) The monthly trading volume on decentralized exchanges (built exclusively on Ethereum smart contracts) has reached $ 60 billion, an increase of 60 times compared to last year! Uniswap and Sushiswap start to compete with centralized competitors
7) More than 200 thousand ($ 11.2 billion) bitcoins were packaged in tokens and are now circulating on the Ethereum network. $ ETH becomes a sponge for off-chain assets.
8) NFT sales for $ ETH exceeded $ 600m. About 13 NFTs were sold for over $ 1M
9) Projects like 0xPolygon reach 1M daily transactions, making the $ ETH network lighter and allowing it to scale here and now
10) Finally, there is less than 3 months left before the new EIP-1559 network upgrade is activated, which will lead to hundreds of millions of dollars in $ ETH being burned annually, creating an additional basis for an increase in the price of cryptocurrency number 2.
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