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In the wake of the recent market crash, Consensys has stepped forward and shared facts on the Ethereum network that will restore confidence in the network.
With the long "crypto-winter" that closes, let's look closely at the numbers at the base of technology and development so far.
According to etherscan, up to 353 million transactions have been processed by the network up to now. On January 4, Ethereum reached the peak of processing 1.3 million transactions in 24 hours with average daily transactions from June to 610,000.
In March 2018, the network carried out transactions on 50 million ETHs monthly with nominal fluctuations from month to month. The average ETH per transaction also doubled from ~ 2 ETH to 5 ETH per transaction.
Stop focusing on the price and what the Twitter trolls are saying, and look at the complex and quantitative statistics behind it #Ethereum. https://t.co/CG7sTIszeF
– Amanda Gutterman (@amandagutterman) December 12, 2018
The number of unique addresses on the network also increased by 4x from ~ 13 million in December 2017 to 49 million today. The average ETH holding per address is ~ 2.17 ETH. The average falls to ~ 1.87 ETH when the first 10 accounts are not considered and ~ 1.59 ETH without the first 50. The average period of activity per address has also increased from 11.25 days in 2017 to 35.45 days. today. Smart contracts the deployment also saw an increase with over 1.5 million deployed in November.
96 of the Top 100 tokens and 89% of the Top 1000 tokens by market capitalization are realized on Ethereum.
Over 11,000 miners are actively distributed across six continents. They collectively averaged 620,000 ETH per month. In adoption numbers, the Reddit r / ethereum community has grown to over 418,000 subscribers.
After the ICO declines, the investments were conducted by joint-stock companies like Andreessen Horowitz who invested $ 15 million in MakerDAO, which was built on Ethereum. Chris Dixon, general partner of Andreessen Horowitz, also talked a lot about Ethereum calling it "a point of reference for the technological community".
Last September, we covered the alliance of fifteen of the largest banks to form Komgo, built on Ethereum and supported by Consensys.
Take of Blockmanity
The cryptocurrency market as a whole is going through difficult times. The numbers shared by Consensys show us that Ethereum despite its market price is still growing. It's just a matter of time when they solve their scalability problems and build mass adoption applications.
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