Last year's "undervalued Ethereum" really broke through the previous high
Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Vernacular Blockchain (ID: hellobtc)
Vernacular Blockchain (ID: hellobtc)
, reprinted by Odaily with authorization.
Ethereum started out as a blank canvas!At present, the early brushstrokes covering the canvas are beginning to form a coherent picture.
You don’t have to look closely to see where Ethereum is headed. Protocols and applications built on Ethereum began to find product-market fit, quickly building a community of thousands of paying users.
Blank spaces on the canvas are no longer a source of uncertainty or doubt. Instead, they look more like opportunities: What can we build there? more details:
4D long text, the undervalued Ethereum
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2. The polarization of wealth distribution is accelerating.
The flood of money quickly pushed up asset prices, greatly increasing the assets of the top 1% of high-net-worth individuals; in contrast, the bottom 50% of people not only did not hold assets, but also lost income due to unemployment. Such polarization between rich and poor exacerbates social dissatisfaction, making it easier for people to accept encrypted assets. After all, encrypted assets provide a new type of protection when the old order deteriorates. more details:
Bihugulu: Historical Review of Bitcoin and Ethereum in the Past 29 Months
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The Fall of the Ethereum KillersHow many other people or articles are talking about EOS, Neo, the project that was once dubbed the "Ethereum Killer"?How many people are talking about "Ethereum Killer 2.0" like Zilliqa, which focuses on sharding?
Gone, basically gone.Cosmos has been launched and Polkadot will be launched soon"ethereum killer"After the ECO era, ETH suddenly ushered in the feeling of being loved by thousands of people. more details:
ethereum killer
In November 2019, Grayscale Bitcoin Trust (GBTC) applied for registration with the SEC for the first time, and it was officially approved in January 2020, becoming the first digital asset tool that meets the standards of the US Securities and Exchange Commission.
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As one of the few encrypted digital asset compliance trust funds, Grayscale Ethereum Trust (ETHE) has the most direct impact of obtaining the status of reporting company in the SEC, which is that it will be open to more investors-many mainstream institutions or investors Previously did not prefer or were not allowed to invest in trust products that have not been reported by the SEC.
Ethereum is trying its best to "break the circle"On October 12, Grayscale Investment, a cryptocurrency asset management company, officially passed the registration application submitted by the US Securities and Exchange Commission (SEC). , the second digital currency investment vehicle to obtain filing company status with the SEC.
As one of the few encrypted digital asset compliance trust funds, Grayscale Ethereum Trust (ETHE) has the most direct impact of obtaining the status of reporting company in the SEC, which is that it will be open to more investors-many mainstream institutions or investors Previously did not prefer or were not allowed to invest in trust products that have not been reported by the SEC.
This may also be the reason why Grayscale filed an application with the SEC-the Grayscale Ethereum Trust has become the world's largest Ethereum investment vehicle. As of the latest public data on October 21, Grayscale’s cryptocurrency management scale (AUM) has reached 26.9 billion U.S. dollars, of which Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) are 22.3 billion U.S. dollars and 4 billion U.S. dollars respectively . more details:2021 is likely to be the "highlight year" of Ethereum
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Ethereum's financial "edifice" is gradually taking shape, especially after 20 years of DeFi boom, more and more concepts of the traditional financial circle have been copied to ETH, and there have been "decentralized versions" based on ETH. On many other public chains, there is not even a thing that can barely be called an "asset", let alone a DeFi infrastructure.。
3. Derivatives began to prosper, and the total open interest of options reached a new high
Behind the price rise in the secondary market, many indicators of Ethereum have actually reached historical highs. As a side confirmation of the development of the Ethereum network, it may help us to further understand the actual situation of Ethereum as of now, and the future possible distances.
Ethereum’s 10 metrics are all at new all-time highs:
1. The network utilization rate is full, and the "global settlement layer" goes further
2. The hash rate hits a new high, and Ethereum miners are still "full of money"
3. Derivatives began to prosper, and the total open interest of options reached a new high
4. The number of DeFi users is rising steadily
5. TVL (total lock-up volume) has reached a historical high
6. DEX trading volume ushered in explosive growth
7. Ethereum speeds up the siphoning of Bitcoin
6. DEX trading volume ushered in explosive growth
9. Ethereum + Stablecoin, a dominant player
10. The ETH in the deposit contract goes up all the way.
