Digital asset and crypto ETP provider 21Shares recently posted on Twitter that Ethereum is still the Layer 1 blockchain leader, currently accounting for 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 has approached that of payment giant Visa. Data shows that the settlement amount of Ethereum reached 3.01 trillion US dollars last quarter, while the settlement amount of Visa was 3.08 trillion US dollars.
In addition, the volatility of the Ethereum network has gradually decreased throughout its life cycle, falling to about 50% last quarter, much 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 $6 billion). (Planet Daily)
