Cryptocurrency long-term investors Ethereum known to maintain. The latest published data confirms this. Growing interest in Ethereum grows every year regardless of price. Ethereum According to the analysis made between portfolios, the number of portfolios investing between 0.1 and 1 Ethereum reached 6.2 million.
Growing interest in Ethereum (ETH)
Since the beginning of the year, the number of portfolios containing assets up to 1 Ethereum has increased significantly. Above all DeFi i NFTThe growing demand for, it seems, has caused this. The number of portfolios with a record level reached 6.2 million.
CoinMetrics data shows that demand has not declined despite sharp price falls. Users continue to keep Ethereum in the portfolio to achieve their long-term goals. A significant amount of Ethereum was withdrawn from the exchanges ETH 2.0Currently, more than 7.5 million Ethereums are blocked on the network.
The gas combustion mechanism included with the London upgrade also positively affects long-term supply. The approximate annual contraction of 4% indicates that the price may continue to rise. The amount burned several times in recent days has exceeded the amount produced. An average of $ 35 million worth of Ethereum is burned daily.
The network, which burns 3/1 of gas rates, will, of course, reach more serious figures with the increase in the number of transactions. From an economic point of view, deflation EIP-1559 will continue to make the larger smart contract platform valuable with its upgrade.
However, it must be said that the amount burned can be misleading at present. As you know NFT significant volumes occurred in the field. Of course, this has a positive effect on the number of transactions and the share burned on the Ethereum network. Total NFT Occupying 98% of its volume, OpenSea is currently the largest consumer of Ethereum.
Decreased supply and increased demand Ethereum paints extremely optimistic images. The ETH, which has lost 17% in the last week, continues to consolidate. $ 1900 at the end of June ETH While we’re talking about a serious buying opportunity, today the same is said for the $ 3000 levels.
Growing interest in smart contracts and NFT, DeFi It will benefit Ethereum and its competitors more, as new construction continues to be in demand. fade at least ETH He took advantage of this demand to reach $ 200. He hopes the Ethereum network will solve the exorbitant problem of the gas rate by the end of 2023, which, of course, could make the network unbeatable. Until then, however, competitors such as Solana, Polkadot and Cardano (ADA) will continue to draw attention.