ICYMI: aggregated network hashrate and staked Ethereum amount both added 111% compared to Q1, 2021 ETH $ETH
The largest smart contract network Ethereum is seeing an unmatched spike in activity, on-chain metrics say. Experts at Bankless podcast shared impressive figures.Bankless, one of the most insightful podcasts on blockchain, crypto and Web3, shared some numbers from itsEthereum's Q1 results are in…— Bankless 🏴 To start with, aggregated network hashrate and staked Ethereum amount both added 111% compared to Q1, 2021. Ethereum network participants raised $2.
Due to EIP-1559 implementation, the Ethereum network destroyed $2.17 billion in equivalent that resulted in a 54% drop in the inflation rate.However, the most impressive data comes from the non-fungible tokens segment. Net trading volume spiked from $0.6 billion to $116 billion, which is a more than 19,200% increase. CryptoPunks floor price rocketed more than sixfold.Trading on decentralized exchanges also printed a number of records.
The total volume of assets locked across Ethereum-based Layer 2 solutions—including the likes of Arbitrum and Optimism—increased by 964%. Top segment heavyweights closed Q1, 2022, with seven-digit revenues: Arbitrum earned $9.4 million in revenue, while Optimism earned $5.7 million.
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