100 fascinating facts about crypto’s last 100 days
Crypto data aggregator CoinMetrics has compiled a list of 100 examples of recent market indicators for digital assets – and these numbers provide a very quick overview of the ecosystem.
The list, compiled in honor of the 100th. The third edition of the State of the Net report released today shows that an investment made 100 days ago in Dogecoin would be worth $2,742 today – more than the same $100 investment in Bitcoin (which would be worth $135 today), Ethereum ($186) and Uniswap ($401).
Price performance ofBTC, ETH, UNI and DOGE over the last 100 days: CoinMetrics
According to the report, bitcoin received $14.5 billion in trusted transaction volume in 100 days, along with Ether at $6.1 billion, XRP at $2.4 billion, DOGE at $2.3 billion and Cardano (ADA) at $1.3 billion in the same period.
Looking at recently active addresses, veteran networks still seem to be the most popular – with nearly 611,000 daily active Ethereum addresses in the last 100 days and 1.12 million active Bitcoin wallets. Bitcoin introduced on the 14th. April set a new record for daily activity, with 1.36 million wallets connected to the network.
In the past 100 days, 1.4 million addresses have used the main DeFi protocols – Uniswap, Aave, Compound, MakerDAO and Synthetix – while the Litecoin network hosts 24.4 million active wallets.
Users are paying at an accelerated rate for access to Ethereum’s core network: $2.3 billion of the $3.17 billion Ethereum has generated since the start of 2021. In contrast, bitcoin has earned about $2 billion over the lifetime of the network.
The average transaction cost in bitcoin over the past 100 days was $20.68, while the average transaction cost in Ethereum over the same period was $16.68. Bitcoin’s average transaction size of $30,000 as of early 2021 is almost twice that of Ethereum ($15,660).
Despite Ethereum’s imminent move to proof-of-stake, Ethereum’s hash rate has increased 4.5 times since the beginning of the year, with Ethereum up 89% and Bitcoin’s hash capacity up 20%.
The report also notes a rise in popularity of stablecoins, with Ethereum tropes rising this year from 13.5 billion to 24.4 billion, but surpassing USDT on TRON, which rose from 6.8 billion to 26 billion. USDC sales increased 234% from $4.1 billion to $13.7 billion and ICD sales increased 192% since the beginning of the year from $1.2 billion to $3.5 billion.
It took about 2.5 years for the barn stock to go from 1B to 10B. The rise from 10B to more than 75B in less than a year, CoinMetrics writes, adding:
The total supply of the stable is $100 billion through the end of 2021.
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