Odaily Planet Daily News According to data disclosed by 21Shares, a digital asset and crypto ETP provider, on social media recently, Ethereum is still the leader of Layer 1 blockchain, currently occupying 70% of the DeFi market share and 54% of the NFT market share. In the first quarter of 2023, the transaction volume processed on the Ethereum chain was close to that of payment giant Visa. Data showed that the settlement amount of Ethereum reached US$3.01 trillion last quarter, while Visa's settlement amount was US$3.08 trillion. In addition, the volatility of the Ethereum network has gradually decreased throughout its life cycle, falling to about 50% last quarter, far lower than PTON (95%) and Tesla (65%), indicating that ETH has gradually matured as an asset. The merger has greatly changed Ethereum's monetary policy, reducing daily issuance by more than 88%. At the same time, EIP-1559 has destroyed more than 3.3 million ETH (worth US$6 billion).