An article reviewing the 6th anniversary of Ethereum
Analyst | Edited by Lillian | Produced by Carol | PANews
Main points of this article:
Main points of this article:
1. According to Etherscan data, the price of ETH has increased from $2.77 to the current $2725.72, which has increased by 984 times; the market value has increased from $200 million to $318.837 billion, which has increased by 1594 times; the total circulation has expanded from 72 million to 117 million , an increase of about 62.5%.
2. The current number of independent addresses on Ethereum has exceeded 165 million, which has increased by 16,500 times in the past 6 years, and the growth rate this year is 26%.
3. The current average daily number of transactions on the Ethereum chain is about 1.29 million, an increase of about 12,900% in the past 6 years, and an increase of 36% compared with the average value in 2020.
4. The current average daily on-chain settlement amount of Ethereum is about 3.18 million ETH, an increase of 413% in the past 6 years, and an increase of about 26% compared with 2020.
5. The average Gas price since 2021 is 104.77 Gwei, which is the most expensive year since the creation of the world, with an increase of about 33% in 6 years.
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The currency price has increased by 984 times in 6 years, and the total circulation is close to 120 million
According to data from Etherscan, the earliest recorded currency price was USD 2.77 on August 7, 2015, and the market value on that day was USD 200 million. By August 4 this year, the price of ETH had soared to $2,725.72, and its market value had also expanded to $318.837 billion.The two have increased by 984 times and 1594 times respectively compared with 6 years ago.The highest price in the history of Ethereum was created on May 11 this year at $4181.28, which is 2090 times that at the beginning of the creation, and the market value on that day was about $484.342 billion.
Judging from the changes in the circulation of Ethereum, on July 30, 2015, a total of 72 million ETH was in circulation in Ethereum, and as of July 30 this year, the total circulation of Ethereum was 117 million ETH, a year-on-year increase of 6 years 62.5%. Moreover, the growth rate of the total circulation of Ethereum is decreasing year by year. The annual growth rate in 2016 and 2017 was maintained at more than 13%, while the annual growth rate in 2020 is only 4.54%.As of August 4, the total circulating supply of Ethereum was 116.97 million ETH.first level title
The number of independent addresses has exceeded 165 million, and the number of independent addresses has increased by 26% so far this year
As of August 4th,The number of independent addresses of Ethereum has exceeded 165 million, which is 16525 times higher than that at the beginning of creation (July 30, 2015).From the perspective of the annual growth rate of the number of independent addresses, 2016 to 2018 is the three years with the fastest growth rate, with annual growth rates as high as 2237.13%, 1847.22% and 194.00% respectively. From 2019 to 2020, the annual growth rate of the number of independent addresses of Ethereum is 54.84% and 55.80%, respectively, a sharp slowdown from before. So far this year, the growth rate of the number of independent addresses is 26.21%.If estimated according to the average annual growth rate of 55.32% in the past two years, by the end of this year, the number of independent addresses will exceed 200 million.
The average annual number of transactions on the chain increased by 36% month-on-month. In 2017, the total annual transaction volume of the currency standard reached a record high of 4.3 billion
On-chain transactions can reflect usage of the Ethereum network. According to the data of Etherscan, from the perspective of the total number of transactions in the whole year, since 2015, the total number of transactions over the years has been 1.0552 million, 13.6611 million, 103 million, 251 million, 243 million and 345 million. The total number of transactions since 2021 is 278 million, which has reached about 80% of the total number of transactions in 2020.The total number of transactions this year is also expected to increase sequentially.
From the perspective of the average number of transactions on the chain each year, since 2015, the average number of transactions over the years has been 68.0759, 37,300, 282,000, 688,100, 665,300, 942,000, and 1,285,500. Except for 2019, the average annual number of transactions on Ethereum has achieved a month-on-month growth. Among them, from 2021 to now, it has achieved a growth of 36.46% compared with 2020.
After the London fork, the problem of high transaction fees when the network is congested may be alleviated.The reduction of transaction costs on the chain may further increase the activity of transactions on the chain.
From the perspective of the amount of transactions on the chain, according to the data of glassnode, 2017, when 1C0 was popular, was the year with the highest annual transaction volume and annual average daily transaction volume of Ethereum, with an annual total of 4.345 billion ETH and an annual average of 11.9043 million ETH was raised. In the rest of the years, the total annual transaction volume was basically maintained at 710 million ETH, and the annual average daily total was around 2,222,100 ETH.As of August 4, the average daily transaction volume of Ethereum this year was 3.1772 million ETH, which has increased by 412.90% compared with 6 years ago.
According to the data of Etherscan, in the past 6 years, the annual average gas price of Ethereum has gone out of a "V" shape. From the creation in 2015 to 2019, the gas price first decreased year by year, and it did not rebound significantly until 2020. The average annual Gas price in 2020 is 60.56 Gwei, a surge of 273.83% month-on-month.The average Gas price since 2021 is 104.77 Gwei, which is the most expensive year since the creation of the world.A month-on-month increase of 73.00%, an increase of 32.82% over 2015. One of the goals of the London upgrade is to reduce the level of handling fees,first level title
The annual average computing power has increased by 1213% compared with the creation year, and the daily average computing power has increased by 50,000 times compared with the creation.
After 6 years of development, the network security of Ethereum has also made great progress. According to Etherscan data, from the perspective of the annual average value of computing power, since 2015, the annual average computing power over the years is about 0.40 THash/s, 3.67 THash/s, 63.64 THash/s, 248.54 THash/s, 168.85 THash/s and 210.98 THash/s, and the year-on-year growth rates from 2016 to 2020 are 817.50%, 1634.06%, 290.54%, -32.06% and 24.54% respectively.As of August 4th, the average computing power this year was 485.65 THash/s, an increase of about 131% compared to last year and an increase of 1213% compared to the genesis year.
Judging from the trend of computing power, from 2017 to mid-2018, the computing power level of Ethereum ushered in the first period of rapid growth, during which the computing power increased by about 4730%. Subsequently, the overall computing power level from the second half of 2018 to the end of 2019 was in a downward trend, and the computing power at the end of 2019 dropped by about 48% from the highest point in 2018. Since 2020, computing power has started to rise again.On August 4 this year, the computing power of Ethereum was 583.15 THash/s, which was 58,300 times higher than that at the beginning of the creation.
