$1 Trillion Transactions Over 5 Years

Buytex
Buytex Exchange
Published in
1 min readAug 6, 2020

This figure represents the total worth of transactions in the Ethereum network over the course of five years.

According to CoinMetrics, since the day Ethereum went online in July 2015, the total volume transacted through the network has reached $986 billion.

A few facts:

  • In five years the number of unique addresses has risen by 57 times, to more than 523,000 from just 9206;
  • Total profit from ETH mining has exceeded $7 billion. To put it in perspective, the highest profit year was 2018: miners earned $3.75 billion;
  • Ethereum hashrate peaked in 2018 at some 300,000 GH/s (current hashrate is around 200,000 GH/s);
  • Network capacity has been rising since mid-2017 from 90–95% to the current 96%;
  • The total capitalization of stablecoins created on the Ethereum network has exceeded $8 billion in 2020;
  • The Ethereum network is home to an entire decentralized finance ecosystem, which has raised $223 million in venture capital and $577 million in token sales since winter this year.

Another important thing is that Ethereum miners have previously raised the gas limit to 4%, bringing the limit to 12.5 million Gwei.

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Buytex
Buytex Exchange

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