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Preview of my talk at @token2049 new week.
In 2018 users have spent ~$148,00,000 for the right to include a transaction they care about into the Ethereum blockchain. For what exactly are they spending it and how is that related to the value if ETH long term?
(1/4)
In 2018 users have spent ~$148,00,000 for the right to include a transaction they care about into the Ethereum blockchain. For what exactly are they spending it and how is that related to the value if ETH long term?
(1/4)
In early 2017 the strongest category has been simple ETH transfers. Now over 50% of fees spend are for transactions involving transferring a token. Here we can separate between plain token transfers or smart contract interactions that involve token transfers. (2/4)
The last category represents transactions like trading on DEXs, putting WETH into a lending contract (basically #defi). While at the beginning of 2017 only a tiny ~2% of costs have been spent on those transactions it is now the strongest group with ~35%. (3/4)
In my talk, I will argue how demand for Ethreum transactions will determine the value of ETH and why different types of transactions will likely pay very different fees. I will use as much data as possible like the amazing stats @Bloxy_info offers: stat.bloxy.info/superset/dashb… (fin)
ahhh... a 0 was missing :(
$148,000,000 is the correct number...
$148,000,000 is the correct number...
