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Ethereum $ETH vibe check with a little help from @glassnode
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1/ Active addresses firmly in ATH area, but not (yet) in vertical mode. Is this autumn 2017?
2/ Transactions exploded to new highs in April 2021. Uniswap is responsible for approx. 15% of those https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤯" title="Explodierender Kopf" aria-label="Emoji: Explodierender Kopf">
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3/ Contracts and pools are gobbling up the $ETH supply. 12.5% of the ETH float lives in exchange wallets vs 22.5% of it in smart contracts.
4/ Accounts with balances under 1 ETH are growing fast and 50% of those roughly map to new addresses.
5/ 99% of $ETH addresses are in profit. Everybody happy.
6/ Volume and open interest on $ETH futures and options at eye-popping highs.
7/ $ETH staked in eth2 has crossed the 4M mark.
8/ Ok, so interest and activity are marking up and to the right. But so is the cost of operating on Ethereum.
In USD terms it& #39;s 54x more expensive to transact compared to just a year ago.
In USD terms it& #39;s 54x more expensive to transact compared to just a year ago.
9/ Invariably, miners are making bank. Fees collected sit at all time highs–at an average of $27.5 daily.
10/ But also, hashrate has almost doubled in 2021. Incentives, eh?!
11/ Blocks pack more information in than they ever did before, thanks to miners increasing the block size to 15M gas.
12/ And after a brief pause, Ethereum& #39;s *network effect density* is picking back up.
12/ Idk what you gauge from this, but my sense is that...
