Connect with us
Active Currencies 13978
Market Cap $2,457,141,042,229.90
Bitcoin Share 51.58%
24h Market Cap Change $2.18

Cómo el ‘máximo’ de 22 meses de Ethereum puede hacer que los usuarios regresen después de la caída de BTC

2min Read
eth bring recovery to btc

Comparte este artículo

 

  • Ethereum’s monthly transaction volume is at its highest point in several months.
  • There has been a decrease in trading volume in the ETH futures market.

Ethereum [ETH] Monthly on-chain volume has reached its highest level in 22 months, according to data from The Block. panel .

With eight days to go until the end of the month, Ethereum transaction volume in March reached $130 billion. This marks a 14% increase from the $114 billion recorded in February and represents 21% growth so far this year.

 

Source: The Block

The increase in the total value moved in Ethereum transactions this month is due to the rebound in demand for the proof-of-stake (PoS) network. AMBCrypto previously reported that the daily count of new addresses created on the network recently exceeded 116,000, a high ever.

The growth in user activity on the network has resulted in a high burn rate of ETH, driving the circulating supply of the coin to a new post-merger low.

According to data from Ultrasonido.dinero , 89,036 ETH coins worth around $314 million at the current ETH price were withdrawn from circulation in the last month. At press time, the circulating supply of ETH was 120.07 million ETH.

Following the recent implementation of Ethereum’s Dencun update and the resulting decrease in the average transaction fee on the network, the last few days have been marked by an increase in the number of unique addresses appearing for the first time in a transaction of the coin native. In the net.

According to data from The Block, Ethereum’s daily new address count, tracked using a 7-day moving average, rose to an 18-month high of 123,000 on March 20. So far this month, new demand for the PoS network has grown by 16%.

Ethereum Daily Active Address

Source: The Block

ETH futures market continues to experience declines

The overall market correction witnessed last week resulted in a decline in ETH futures market trading volume. According to Glass Coin ‘, this figure has plummeted almost 10% since March 15.

When an asset’s futures trading volume decreases, it suggests a decline in futures traders’ interest or participation, often due to a change in sentiment and/or desire to make profits or avoid losses.


How much is 1,10,100 ETH worth today ?


A decline in futures trading volume is common during periods of general market pullback. This often highlights the indecision of market participants and the desire to wait for clearer signals before re-entering the market.

As expected, the drop in ETH trading volume also led to a decline in open interest. At the time of writing, ETH futures open interest was $13.08 billion, down 8% over the past seven days.

This is an automatic translation of our English version.

Share

Entusiasta de los nuevos modelos económicos y curioso de las nuevas tecnologías. Con Maestría en Gerencia Empresarial, egresada de la Universidad Central de Venezuela. Apasionado por aprender cosas nuevas todo el tiempo.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.