11 signs $ETH is going to blow past its all-time high ๐Ÿ‘‡๐Ÿผ

#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

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Recently, the @CNIL issued a decision regarding the GDPR compliance of an unknown French adtech company named "Vectaury". It may seem like small fry, but the decision has potential wide-ranging impacts for Google, the IAB framework, and today's adtech. It's thread time! ๐Ÿ‘‡

It's all in French, but if you're up for it you can read:
โ€ข Their blog post (lacks the most interesting details):
https://t.co/PHkDcOT1hy
โ€ข Their high-level legal decision: https://t.co/hwpiEvjodt
โ€ข The full notification: https://t.co/QQB7rfynha

I've read it so you needn't!

Vectaury was collecting geolocation data in order to create profiles (eg. people who often go to this or that type of shop) so as to power ad targeting. They operate through embedded SDKs and ad bidding, making them invisible to users.

The @CNIL notes that profiling based off of geolocation presents particular risks since it reveals people's movements and habits. As risky, the processing requires consent โ€” this will be the heart of their assessment.

Interesting point: they justify the decision in part because of how many people COULD be targeted in this way (rather than how many have โ€” though they note that too). Because it's on a phone, and many have phones, it is considered large-scale processing no matter what.