Arca issues US treasury backed fund on Ethereum Switzerland approves IPO for class A share on Ethereum Banco Santander issues bonds on Ethereum Tokenized real estate being issued on Ethereum Legacy finance is being disrupted before our eyes, and it is happening on Ethereum not Bitcoin
ETH is fulfilling the dream of Satoshi Open finance is exploding in adoption & utility, while limits continue to be raised 12M gaslimit/21k TX gascost = 595 TX/13sec block time = 45 TPS ETH now has 6x the capacity of BTC! & it is all being used This bull run will be different!! -- @Justin Bons 😍
A hedging instrument for decentralized finance (DeFi), Opyn, has closed a $2.16 million funding round, led by Dragonfly Capital, with participation from 1kx, Version One Ventures, CoinFund, DTC Capital, Uncorrelated Ventures and A.Capital.
In 2019, $ETH saw a nearly 200% move as price rocketed through the summer months with no real fundamental reason or drive, price was just generally underpriced... In 2020, we have seen something similar this time the fundamentals seems a lot stronger with 2.0 and Defi! Bullish 🔥 🔥
The number of unique Ethereum addresses, the cumulative addresses has now jumped past 100 million, according to Etherscan. Since late February, about 100k new addresses have been recorded on Ethereum Network. This growth is seen as Ethereum makes strides towards launching Ethereum 2.0 which is evident from the number of wallets holding more than 32 ETH, the threshold to stake, which has been increasing over the last year.
" New unique addresses on Ethereum have been growing steadily since the start of 2020 and are now increasing by over 100,000 per day. These are "non-zero addresses" which means they have appeared in at least 1 transaction involving ETH. ". An increasingly number of people are getting involved in studying Ethereum, which means a bigger potential of Ethereum adoption in near future.
The fact that even with these crazy tx fees we are still willing to interact with #Ethereum should be a clear sign for all of these "ethereum killers" of how much work they will need to do to achieve their goal, besides shiny whitepapers and astronomical TPS claims.
Over the past week, the Ethereum network has generated ~1900 ETH in fees a day, or ~700k ETH annualized. At 10mn ETH staked in PoS, the network will produce ~575k ETH a year. With fee burn in eth2, it's very likely that we will eventually get to negative annual issuance.