Ethereum Nears $350

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Summary

Thus if we include tether, ethereum is transferring about $5 billion a day. Ethereum is up by about 8% today on huge unfiltered volumes of $11 billion with it reaching a market cap of nearly $40 billion and a price of $342. About $1.2 billion worth of eth was moved on the blockchain in the past 24 hours, just 3% of its total market cap. The total crypto market cap has now reached $330 billion, not even 1/3rd of Apple. If we exclude it, then it is about $1.5 billion a day of total value moved on-chain.

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Ethereum is up by about 8% today on huge unfiltered volumes of $11 billion with it reaching a market cap of nearly $40 billion and a price of $342.

The world computer has processed 1.25 million transaction, its highest level ever since the peak of about 1.35 million.

An experiment is also ongoing half a decade on since the scaling debate in regards to miners setting capacity, in this case the gas limit, which they are voting to increase.

About $1.2 billion worth of eth was moved on the blockchain in the past 24 hours, just 3% of its total market cap.

That doesn’t include all the tokens running on eth which make up about 700,000 transfers a day, with ERC-20s now reaching a market cap of $33 billion.

They performed $30 billion in volumes in the past 7 days, but $27 billion of it is just tether according to Santiment, a blockchain analytics company.

Thus if we include tether, ethereum...

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