The largest altcoin ether (ETH) has closed in positive territory every quarter since the beginning of 2020.
Last week, this coin broke above $ 2500 for the first time in its history, but it could not stay at this level.
Today, April 22, the ETH rate is holding around $ 2444 (+ 6%). Altcoin capitalization rose to $ 282.68 billion.
According to Messari, in the first quarter of 2021, the volume of transactions on the Ethereum network exceeded $ 1.5 trillion.
This indicator exceeded the sum of all transactions in the previous seven quarters, tweeted Messari analyst Ryan Watkins.
Ethereum settled $1.5 trillion in transactions in Q1 2021.
That’s more than it’s previous 7 quarters combined. pic.twitter.com/B1FJw54YGA
— Ryan Watkins (@RyanWatkins_) April 21, 2021
The increased load on the blockchain has again provoked a rise in the cost of operations.
Glassnode Platform Report it says that this week the amount of Ethereum fees reached $ 47.3 million per day. This is the highest figure since February 23, when the commission per day was $ 49.8 million.
The researchers also emphasized that since the beginning of February, Ethereum miners’ income for processing transactions has, on average, exceeded $ 10 million per day.
Analysts in parallel drew attention to the growing number of ether holders. The number of addresses in the network with a non-zero balance reached 4.751 million last Wednesday.
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