According to Messari’s second-quarter decentralized finance review, the Ethereum network has settled $2.5 trillion between April and June this year.
It added that this represents a gain of more than 65% quarter on quarter and almost 1,500% year on year. If the current pace continues, the Ethereum network could settle $8 trillion by the end of this year, Messari noted.
Researcher Ryan Watkins stated that the largest driver of this growth continues to be DeFi and stablecoin activity.
Ethereum transaction volume – Messari.io
For the same quarter in 2020, when the DeFi sector was just starting to bubble up, $159 billion was settled on Ethereum. Going back a year to 2019 when markets were still largely bearish, just $73 billion was settled on the network.
Ethereum whales have also been increasing their holdings with the top ten ETH wallets now controlling more than 20% of the entire supply.
Stablecoin Activity Surging
Stablecoins still made up about half of the total settlements for the
Źródło: https://cryptopotato.com/ethereum-network-on-pace-to-settle-8-trillion-in-2021/
