The Ethereum network has updated its maximum overall performance. Thus, the mark of 250 TH / S was exceeded. This information is provided by Glassnode.
The site presents a graph showing that the closest indicators to today"s levels were last observed in 2018. In August of that year, the value of the cryptocurrency was over $ 400.
The hashrate is growing along with the steady increase in on-chain activity. So, since the beginning of this 2020, the volume of the value of the crypto-coin transferred in the blockchain has increased 10 times. For comparison: Bitcoin"s volume increased by only 44% over the same period of time.
The increase in on-chain activity is associated with high demand for the use of applications based on the cryptocurrency network. Today, about $ 10.4 billion is frozen in the DeFi segment. And in September 2020 alone, the total cost of blocked capital was 15%.
There is also an increase in activity in the segment of exchanges. From 5.10. to 6.10. number of trading volume increased by 8%. On average, this indicator grew by 15% over the month.
Considering that DEX"s daily turnover reached $ 466 million, it can be concluded that decentralized exchanges are ways to seriously compete with centralized platforms.