Jul 29, 2021 12:00:00

Ethereum records total transaction volume of 154 trillion yen, the rate of increase in transaction volume is about 3 times that of Bitcoin

Coinbase, the largest cryptocurrency exchange in the United States, has released a cryptocurrency report for the first half of 2021 (January-June). The report shows that the total transaction volume of the crypto asset ' Ethereum ' in the first half of 2021 increased by 1461% from the first half of 2020 to reach 1.4 trillion dollars (about 154 trillion yen).

H1 2021 in Review --Coinbase
https://www.coinbase.com/prime/prime-coinbase-H12021

Ethereum Trading Volume Growth Outpacing Bitcoin in 2021: Report --Decrypt
https://decrypt.co/77102/ethereum-trading-volume-growth-outpacing-bitcoin

According to a Coinbase report, Ethereum's total trading volume reached $ 1.4 trillion in the first half of 2021, up 1461% year-on-year. The rate of increase in transaction volume of Ethereum is much higher than the rate of increase in transaction volume of Bitcoin, which recorded 2.1 trillion dollars (about 230 trillion yen), an increase of 489% from the same period of the previous year.

In addition, the price of Ethereum soared in May 2021, and the price per Ethereum exceeded 4,000 dollars (about 440,000 yen). It is reported that this sharp rise in prices is influenced by the high degree of attention to 'Decentralized Finance (DeFi)', which is one of the characteristics of Ethereum, and total transactions in the first half of 2021. Coinbase points out that the sharp rise in volume is also 'affected by the high level of investor attention to DeFi.'

The price of the crypto asset 'Ethereum' next to Bitcoin soars to over $ 4,000 (about 440,000 yen) --GIGAZINE

DeFi is a blockchain-based financial infrastructure built on a smart contract platform represented by Ethereum. It is a traditional financial system because of its 'high transparency' and 'equal access rights'. It is attracting attention as an alternative to. The following article explains in detail what DeFi actually looks like.

What are the advantages and disadvantages of 'decentralized finance (DeFi)', a crypto asset that rewrites the existing financial system? --GIGAZINE

According to a Coinbase report, DeFi was mainly of interest to individual investors in 2020, but

institutional investors ' attention to DeFi surged in the first half of 2021. Looking at the graph showing the transition of the number of DeFi wallets below, the number of wallets began to rise sharply from around January 2020, and in 2021 it exceeded 2 million and is approaching 3 million. I understand. Coinbase points out that this growing interest in DeFi has led to an increase in Ethereum's total trading volume.