Ethereum Explosion: 4 Charts Analyze “ETH Ridiculous Growth”

Ethereum has been performing amazingly during the past few days. Check out the latest news about the coin that managed to make investors happy.

The online publication the Daily Hodl notes that the crypto veteran Spencer Noon is analyzing what he believes to be the “ridiculous growth” of Ethereum (ETH) over the last six years.

ETH booming price

Noon just shared four charts on ETH with his 71,800 Twitter followers.

The first one is showing that the annual transactions on the ETH network grew from nearly zero in 2015 to over 300 million in 2020.

“The Ethereum network is on pace to do more than 500 million transactions in 2021.”

Noon/Twitter

Noon’s second chart reflects the amount of gas used to conduct transactions on the Ethereum network.

Noon/Twitter

Noon’s third chart reflects the growing number of Ethereum users.

“Even with 5 months left in 2021, ETH yearly active addresses is already at all-time highs (~30 million).”

Noon/Twitter

Noon’s final chart indicates that the number of smart contracts created on the Ethereum network grew from less than 5 million in 2017 to over 7.5 million in 2019 and then jumped above 15 million in 2020.

“Ethereum is on pace to hit ~50 million smart contracts deployed all-time by the end of this year.”

Noon/Twitter

Ethereum to explode in price

Ethereum’s price exploded over the past few days.

It’s been also revealed that there is a massive amount of Ethereum (ETH) worth half a billion dollars that is on the move as crypto whales relocate their ETH troves.

“This Friday, blockchain tracker Whale Alert spotted a series of transactions in which large Ethereum holders moved 237,419 ETH, worth $557,777,068, in just over 10 hours,” the Daily Hodl noted.

The same online publication noted that two deep-pocketed investors shifted ETH from an unknown wallet to a crypto exchange, and one big-time crypto holder transferred ETH from an exchange to an unknown wallet.

You should check out the complete notes and the summary of the largest ETH transactions in the original article. 

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