In honor of Ether hitting an all-time-high above $3,000, I am sharing some bullish stats and charts about the second-largest cryptocurrency from The Block's data dashboard.
First off: Transactions on the Ethereum Network hit an all-time-high last month of 41.7 million.
Looking to the derivatives world, open interest across ether options markets has soared this year.
At last check OI stood at $4.1 billion — up from under $800 million at the beginning of 2020.
Looking at futures, CME's ether futures market - which kicked off in February - grew from $68m in open interest on March 1 to $373 million in OI on May 1
Aggregate open interest across Ethereum futures recently hit an all-time high of $8.6bn
On the DeFi front, DEXes are seeing their trading volumes as a percentage of centralized exchanges surge once again.
At last check, DEXes were seeing more than 15% of total centralized exchange spot trading volumes
In April, DEXes facilitated $14.5bn in traded volumes.
This is one of the coolest charts in my opinion:
Gross value locked across Ethereum-based DeFi now stands at nearly $78 billion
Just one year ago (May 2 2020) that number sat around $700 million.
100x increase.
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