11 signs $ETH is going to blow past its all-time high ЁЯСЗЁЯП╝

#1: Ethereum continues to dwarf the entire crypto space in terms of fees paid ($7.25m daily avg) -- proving it's the most useful network in the world.
#2: The number of large $ETH transactions (>$100k) is 7x smaller than during its 2018 ATHs -- a sign that whales and institutions still haven't entered the game.
#3: Hash Rate is at an all-time high (313.12 TH/s) -- a sign that miners have never been more confident.
#4: Ethereum has nearly 550k daily active addresses (90-day MA) -- a figure that has doubled YTD and now sits comfortably at ATHs too.
#5: There are now more than 1.25M #DeFi users, a figure that continues its parabolic uptrend -- a sign that Ethereum's biggest use case is on a path towards product-market fit.
#6: There is now more than $25 billion dollars locked in #DeFi, with 21 different projects having more than $100M TVL -- a sign that the ecosystem is maturing rapidly and becoming institutional-grade.
#7: Almost $22 billion in stablecoin supply now exists on Ethereum, an increase of ~$20B in the past year -- a sign of major demand for cryptodollars.
#8: Monthly #DEX volume stands at more than $30B, up ~50x YoY -- a sector where #DeFi is starting to rival #CeFi.
#9: More than $20B has been deposited into lending protocols, with outstanding loans close to $4.5B -- a sign that #DeFi lending is becoming more battle-tested.
#10: $ETH is steadily flowing out of exchanges, including more than 530k on one day last week (worth ~$740M) -- a telltale sign of accumulation.
#11: 2.57 million $ETH has been sent to the #Eth2 deposit contract, a figure alone that would be good for the #12 cryptoasset by marketcap -- a sign that confidence in Ethereum's next-generation upgrade is high.
Looking for more $ETH fundamentals? Subscribe to my crypto analytics newsletter @OurNetwork__: https://t.co/feeAv4uWaD

More from Crypto

A primer on how to use @coingecko for your crypto data/research/trading needs.

Share it with a friend who needs it!

1/ Getting started with crypto and want to check prices/projects? https://t.co/LFnk4vukxj has info on just about every crypto you'll need :)


2/ Search over 6000+ cryptocurrencies available on the market. You can see what's trending in the space as well.

Researching by categories? Filter (left side) -> Select categories -> DeFi, DOT ecosystem, Exchange-based tokens, NFTs - anything!


3/ Lets say you're looking at #Bitcoin
https://t.co/g205lj03pG

At a glance you get:
- Price
- Mkt Capitalization (valuation)
- Circulating/Total supply
- 24h trading volume
- Links to websites, social media, block explorers
- Calculator

Next - check valuation?


4/ Market cap is used to rank coins, and we'll show you how its calculated - Hover over Circulating Supply (?) for breakdown.

Note: used @chainlink as example here - https://t.co/Jc46fe79Ag

While MC is important also consider product fit, narrative, team, community etc.


5/ If you're trading on AMMs like @Uniswap or @SushiSwap, you can copy the contract address directly to your clipboard.

Using @metamask_io? Add the token directly so it shows as one of the "Assets" that you own in the wallet.

See: https://t.co/94XihMf5oz
1/ @MIT discussing the need for blockchain gateways to achieve interoperability across different blockchain networks, and to support the cross-blockchain mobility of virtual assets

https://t.co/PbjQkSlTT3

@quant_network are collaborating with MIT in the creation of ODAP

$QNT

2/ "In order for blockchain-based services to scale globally, blockchain networks must be able to interoperate with one another following a standardized protocol and interfaces (APIs)"

Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces


3/ "We believe that a blockchain gateway is needed for blockchain networks to interoperate in a manner similar
to border gateway routers in IP networks. Just as border gateway routers use the BGPv4 protocol to interact with one another in a peered fashion we believe that a...

4/ blockchain gateway protocol will be needed to permit the movement of virtual assets and related information across blockchain networks in a secure and privacy-preserving manner"

You can read more about the gateway protocol ODAP in this 21 tweet


5/
"We motivate the need for blockchain gateways and blockchain gateway protocols in the following summary:

тЬЕEnables blockchain interoperability:
Blockchain gateways provide an interface for the interoperability between blockchain/DLT systems that operate distinct consensus...

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The first ever world map was sketched thousands of years ago by Indian saint
тАЬRamanujacharyaтАЭ who simply translated the following verse from Mahabharat and gave the world its real face

In Mahabharat,it is described how 'Maharishi Ved Vyasa' gave away his divine vision to Sanjay


Dhritarashtra's charioteer so that he could describe him the events of the upcoming war.

But, even before questions of war could begin, Dhritarashtra asked him to describe how the world looks like from space.

This is how he described the face of the world:

рд╕реБрджрд░реНрд╢рдирдВ рдкреНрд░рд╡рдХреНрд╖реНрдпрд╛рдорд┐ рджреНрд╡реАрдкрдВ рддреБ┬ардХреБрд░реБрдирдиреНрджрдиред рдкрд░рд┐рдордгреНрдбрд▓реЛ рдорд╣рд╛рд░рд╛рдЬ рджреНрд╡реАрдкреЛрд╜рд╕реМ рдЪрдХреНрд░рд╕рдВрд╕реНрдерд┐рддрдГрее
рдпрдерд╛ рд╣рд┐ рдкреБрд░реБрд╖рдГ рдкрд╢реНрдпреЗрджрд╛рджрд░реНрд╢реЗ рдореБрдЦрдорд╛рддреНрдордирдГред рдПрд╡рдВ рд╕реБрджрд░реНрд╢рдирджреНрд╡реАрдкреЛ рджреГрд╢реНрдпрддреЗ рдЪрдиреНрджреНрд░рдордгреНрдбрд▓реЗрее рджреНрд╡рд┐рд░рдВрд╢реЗ рдкрд┐рдкреНрдкрд▓рд╕реНрддрддреНрд░ рджреНрд╡рд┐рд░рдВрд╢реЗ рдЪ рд╢рд╢реЛ рдорд╣рд╛рдиреНред

тАФрд╡реЗрдж рд╡реНрдпрд╛рд╕, рднреАрд╖реНрдо рдкрд░реНрд╡, рдорд╣рд╛рднрд╛рд░рдд


Meaning:-

рд╣реЗ рдХреБрд░реБрдирдиреНрджрди ! рд╕реБрджрд░реНрд╢рди рдирд╛рдордХ рдпрд╣ рджреНрд╡реАрдк рдЪрдХреНрд░ рдХреА рднрд╛рдБрддрд┐ рдЧреЛрд▓рд╛рдХрд╛рд░ рд╕реНрдерд┐рдд рд╣реИ, рдЬреИрд╕реЗ рдкреБрд░реБрд╖ рджрд░реНрдкрдг рдореЗрдВ рдЕрдкрдирд╛ рдореБрдЦ рджреЗрдЦрддрд╛ рд╣реИ, рдЙрд╕реА рдкреНрд░рдХрд╛рд░ рдпрд╣ рджреНрд╡реАрдк рдЪрдиреНрджреНрд░рдордгреНрдбрд▓ рдореЗрдВ рджрд┐рдЦрд╛рдпреА рджреЗрддрд╛ рд╣реИред рдЗрд╕рдХреЗ рджреЛ рдЕрдВрд╢реЛ рдореЗ рдкреАрдкрд▓ рдФрд░ рджреЛ рдЕрдВрд╢реЛ рдореЗ рд╡рд┐рд╢рд╛рд▓ рд╢рд╢ (рдЦрд░рдЧреЛрд╢) рджрд┐рдЦрд╛рдпреА рджреЗрддрд╛ рд╣реИред


Meaning: "Just like a man sees his face in the mirror, so does the Earth appears in the Universe. In the first part you see leaves of the Peepal Tree, and in the next part you see a Rabbit."

Based on this shloka, Saint Ramanujacharya sketched out the map, but the world laughed