Editors Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
Editors Note: This article comes from
Chatting with Xiaozha (ID: xiaonazha88)
Chatting with Xiaozha (ID: xiaonazha88)
Of course, there are many pullbacks on the road of the bull market. We should not only pay attention to risks, but also pay attention to getting off the bus instead of getting on the bus in time.
Will ETH2.0 bring a bull market? Or, has ETH entered a bull market?
Recently Spencer Noon tweeted out 8 signs that we have entered a new ETH bull market.
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1. Eight signs that ETH has entered a bull market
1) Daily activities of the ETH chain
Ethereum has nearly half a million daily active addresses (90-day MA), a number that has almost doubled in YTD.
2) Network fee of ETH chain
Ethereum’s on-chain transfer fees have overshadowed all public chains, including Bitcoin, and it’s clearly the most useful network in the world.
3) Requirements of the ETH chain
Now more than 80 billion GAS are used every day, which marks that the demand for ETH block space has reached a new height.
4) Assets on the ETH chain
More than $16 billion in stablecoins have been issued on Ethereum, a figure that has shown parabolic growth since the beginning of the year, a sign of significant demand for cryptocurrencies.
5) DeFi users on the ETH chain
At present, there are nearly 1 million DeFi users, which is a 10-fold increase from the beginning of the year, which indicates that the number of users of Ethereums largest application type has also shown a parabolic growth.
6) DeFi assets on the ETH chain
At present, the total value locked in DeFi exceeds 14 billion US dollars, and the TVL of 5 different projects exceeds 1 billion US dollars, which is a sign of the rapid maturity of the ecosystem.
7) More and more BTCs are carried on the ETH chain
150,000 BTC (2.9 billion US dollars) have been transferred to Ethereum, which marks that Ethereum is becoming the economic carrier of all assets starting from Bitcoin.
8) DEX on the ETH chain challenges CEX
The DEX on Ethereum has done a transaction volume of 20 billion U.S. dollars in the past 30 days, and the total transaction volume this year has reached 86 billion U.S. dollars. This is a sign that DEX can compete with the top centralized exchanges.
2. Eight signs can be divided into three levels
For the above 8 signs, a classification has been made and divided into 3 categories:
1) ETH chain user base: daily active addresses doubled, block space requirements reached a new height, and network fees topped the public chain;
(This is a bit saying that the population of Shenzhen is increasing, the demand for land is high, and the land price is expensive)
2) Assets carried by ETH: 16 billion US dollars of stable currency assets, absorbing 150,000 BTC;
