Although decentralized application activity on the Ethereum blockchain may be expected to match or surpass last year, despite growing competition for “faster, cheaper” alternatives, according to blockchain analytics platform Dappradar.
Ethereum’s peak adoption was in 2021, which is highly consistent with The last bull runDappradar analyst Sara Gherghelas is also the year of “unique wallets with the largest number of transactions on Ethereum” explain In a report released Wednesday.
Cooled after the event, but passed in 2023 and 2024 No sterilization token ((nft), Layer 2 ecosystem and experimental bias schemes, according to Gherghelas.
She added that this year “in matches and even exceeds the 2024 race, it shows that the current market dynamics may be sustainable,” she added, adding that it remains “still a cornerstone of Web3, especially in high-value areas like Defi and NFTS.”
Ethereum is the cornerstone of Web3: Dappradar
In the past decade Tracking EthereumDappradar said it has counted over 234 million unique active wallets, interacting with Dapps on DEFI-powered networks, followed by NFTS and gaming.
Meanwhile, it tracks over 452 million DAPP-related transactions on Ethereum, while Defi leads with NFTs ranking in the top three in second place and games.
“These numbers not only confirm its role, not only the first smart contract platform, but also the engine that continues to drive innovation and use of the DAPP ecosystem.”
Ethereum’s price may be about to break through
Some analysts believe that the price of ether is Prepare for a breakthrough Based on the future Open interest In the past 30 days, it hit a record $58 billion on Tuesday, with online activity rising 7.2%.
Meanwhile, the others are Be a little cautious Because the cost of borrowing packages (WETH) has soared, and technical indicators indicate that it may be overestimated.
The price has been between $3,530 and $3,933 over the past seven days, up 5.8% during the same period, trading at $3,862, according to To Nansen.
Ethereum Treasury Corporation swallows up more than 2.73 million Ether
More and more companies are starting to Acquire cryptocurrency as treasury assets. Currently there are 2.73 million ethers (ethAccording to the Strategic Ether Reserve, accounting for 65 strategic reserves, accounting for 2.26% of the total supply, and is worth US$10.56 billion.
Related: Ethereum 2035: The appearance of the next 10 years
Strategic Ether Reserves show Bitmine is the largest Ether Treasury company, followed by Sharplink games, and then Ether Machine.
David Grider, partner at Venture Capital Firmital Capital, explain In Monday’s X post, Ethereum Treasury’s company “prosperity should be ETH liquidity and price action, similar to the impact of MicroStrategy on Bitcoin.”
Magazine: tradfi is building Ethereum L2s to be a trillion-dollar in RWAS – Internal Story
