The number of Ethereum transactions reached the highest level in a year


According to Cryptoglobe on Thursday, May 9th, the number of Etherium daily transactions has reached nearly 1 million in recent days.

Ethereum, the second largest digital currency with a market value of $ 27 billion, has seen a significant increase in the number of daily transactions on its network over the past few days.

On May 27, 4 days ago, more than 942,000 transactions were recorded on the Ethereum platform.

On May 29, the number of such deals rose by 5,000 more than its previous 2 days to more than 947,000 transactions per day.

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The activity of Ethereum goes back to the previous bullish market

As confirmed by TrustNodes, the number of transactions in the etherium network has reached its highest since early February 2018. The activity level in the China Ethereum block is close to the level in the previous bullish market, which reached the historic ceiling of $ 1,432 on January 13, 2018.

Although a significant decline in the number of daily Ether transactions during February 2019 (due to the increase in the block time of the Ethereum network) has occurred, the activity of the Etherium platform in China is currently increasing steadily.

Since March of this year, the number of Ether transaction plus its price has risen and is currently trading at around $ 255. That said, while the price of the ether in early December 2018 was a sudden fall to less than $ 100.
Correct the price of the ether after falling below $ 100.

The sharp drop in the price of ether last year could be due to the launch of a significant number of newly-built block-breaking projects that have sold their own capital based on the ether to cover their operating costs. Additionally, the value of the ether may have declined as the most influential digital currency due to the fall of Beethoven’s price at that time.

However, the digital currency market seems to have begun to correct itself after enduring a downtrend in 2018. One of the main reasons for the recent rise in recent prices of the digital currency market is the launch of many new projects focusing on digital assets.
The market value of decentralized capital is approaching $ 600 million

The DeFi’s financing ecosystem is growing rapidly, and usually involves peer-to-peer projects such as MakerDAO, Compound, Dharma, and many more. According to DefiPulse data, the capital of the newly-born DeFi market has now reached more than $ 583 million.

Other protocols associated with Ethereal decentralized exchanges like Uniswap and Bancor have recently experienced significant increases. Meanwhile, the Lightning Beat Covey Network, which is regarded as one of the developing parts of the DeFi ecosystem, has seen a significant increase in its number.

According to the 1ML site data, there are currently 8,579 nodes in the Lightning Beat Covey Network, which represents a 4.49% increase from the previous month. Lightning network capacity is more than 1,000 bits of quinn, currently worth more than $ 8.3 million.

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