Summary
- • Cryptocurrency market capitalization surpassed $2 trillion in April 2021.
- • Bitcoin's dominance in the cryptocurrency market stood at over 40% in June 2021.
- • Over 10,000 different cryptocurrencies are currently in existence.
- • The total value locked in decentralized finance (DeFi) protocols exceeded $60 billion in July 2021.
- • Ethereum accounts for over 75% of all decentralized applications (dApps) usage.
- • The energy consumption of Bitcoin mining is estimated to be around 130 terawatt-hours per year.
- • The daily trading volume of the global cryptocurrency market reached over $300 billion in August 2021.
- • Tether (USDT) is the most widely used stablecoin in the cryptocurrency market.
- • Dogecoin saw a 12,900% increase in Google searches in May 2021.
- • The total transaction fees on the Ethereum network exceeded $750 million in July 2021.
- • Cardano (ADA) is the third-largest cryptocurrency by market capitalization as of September 2021.
- • The number of non-fungible token (NFT) sales reached $2.5 billion in the first half of 2021.
- • The market cap of decentralized exchanges (DEXs) surpassed $100 billion in July 2021.
- • Bitcoin's average transaction fee exceeded $50 in May 2021.
- • The top 10 largest Ethereum addresses hold over 17% of all ETH in circulation.
With the cryptocurrency market turning up the heat and hitting a sizzling $2 trillion market cap in April 2021, its safe to say that the digital coin revolution is here to stay. From Bitcoin reigning supreme with over 40% dominance to the wild world of over 10,000 different cryptocurrencies jostling for attention, the crypto sphere is a rollercoaster of innovation, speculation, and jaw-dropping statistics. As decentralized finance (DeFi) locks in over $60 billion in value and Ethereum steals the show with 75% of all dApps usage, its clear that digital assets are not just a trend but a formidable force. So buckle up, Bit-holders and HODLers, as we dive into the electrifying numbers and eye-popping trends shaping the future of money.
Bitcoin dominance
- Bitcoin's dominance in the cryptocurrency market stood at over 40% in June 2021.
- Bitcoin's market dominance is over 40% as of October 2021.
- Bitcoin's hash rate reached an all-time high of over 200 exahashes per second in 2021.
- More than 75% of all Bitcoin in circulation has not moved in over a year as of 2021.
Interpretation
As Bitcoin continues to flex its dominance in the ever-evolving world of cryptocurrencies, its market share stands at over 40%, solidifying its position as the heavy-hitter of the digital currency realm. With a hash rate surpassing 200 exahashes per second, Bitcoin shows no signs of slowing down in its quest for computational superiority. Furthermore, the fact that a staggering 75% of all Bitcoin remains stagnant for over a year is a testament to the HODL mentality ingrained within its community. In a landscape where volatility reigns supreme, Bitcoin remains a resilient and steadfast force to be reckoned with.
Cryptocurrency market capitalization
- Cryptocurrency market capitalization surpassed $2 trillion in April 2021.
- The energy consumption of Bitcoin mining is estimated to be around 130 terawatt-hours per year.
- The daily trading volume of the global cryptocurrency market reached over $300 billion in August 2021.
- Dogecoin saw a 12,900% increase in Google searches in May 2021.
- Cardano (ADA) is the third-largest cryptocurrency by market capitalization as of September 2021.
- Bitcoin's average transaction fee exceeded $50 in May 2021.
- The market capitalization of Ripple's XRP surged by over 1,000% in 2021.
- The daily trading volume of Binance Coin (BNB) exceeded $10 billion in August 2021.
- The hash rate of the Bitcoin network exceeded 180 exahashes per second in June 2021.
- Solana (SOL) experienced a price increase of over 1,500% in 2021.
- The market cap of all cryptocurrencies exceeded $2.5 trillion in October 2021.
- Ethereum has a market capitalization of over $400 billion as of October 2021.
- Cryptocurrency trading volumes on exchanges reached over $1 trillion in a single day in 2021.
- The average Bitcoin transaction fee peaked at over $60 in April 2021.
- Stablecoins' market cap exceeds $180 billion, with USDT being the largest stablecoin.
- The market cap of Binance Coin (BNB) surpassed $80 billion in October 2021.
- Over 70% of Bitcoin's total supply has been mined as of October 2021.
- The total value of all wrapped Bitcoin (WBTC) surpasses 250,000 BTC as of October 2021.
- The total market capitalization of all cryptocurrencies exceeded $3 trillion in November 2021.
- The market capitalization of Ethereum Classic (ETC) surpassed $7 billion in November 2021.
- The daily traded volume of Dogecoin reached $20.4 billion in May 2021.
- The trading volume of Tether (USDT) exceeded $1.4 trillion in 2021.
- The market capitalization of Chainlink (LINK) surpassed $15 billion in November 2021.
- The market capitalization of Polkadot (DOT) surpassed $30 billion in November 2021.
- The combined market capitalization of stablecoins exceeded $240 billion in December 2021.
- The total trade volume of the cryptocurrency market surpassed $4 trillion in a single day in 2021.
- Cardano's ADA accounted for over 10% of the total cryptocurrency market capitalization in 2021.
- The average transaction fee on the Bitcoin network exceeded $70 in December 2021.
- The market capitalization of Uniswap's UNI token surpassed $20 billion in December 2021.
- The daily trading volume of the Polygon (MATIC) network exceeded $10 billion in 2021.
- The market capitalization of the Binance Coin (BNB) exceeded $100 billion in December 2021.
- The market capitalization of Terra's LUNA token surpassed $10 billion in December 2021.
- The market capitalization of Avalanche's AVAX token surpassed $10 billion in December 2021.
Interpretation
In the wild and wacky world of cryptocurrencies, numbers soar higher than Elon Musk's aspirations for Mars colonization. From market capitalizations reaching multiples of trillions to energy consumption levels that could power a sci-fi civilization, the cryptocurrency landscape is a rollercoaster of astronomical figures. Dogecoin's popularity surges faster than its price spikes, while Cardano confidently takes its seat among the crypto giants. With transaction fees hitting the price of a fancy meal and trading volumes that could make Wall Street blush, it's no wonder that the world of digital coins has become a financial circus tent where everyone wants a front-row seat. As we navigate this digital gold rush, one thing is certain: in the land of cryptocurrencies, the only thing higher than the prices is the sheer disbelief at the staggering statistics.
Ethereum market share
- Ethereum accounts for over 75% of all decentralized applications (dApps) usage.
- The top 10 largest Ethereum addresses hold over 17% of all ETH in circulation.
- The daily active addresses on the Ethereum network exceeded 1.2 million in September 2021.
- The Ethereum network average block time is around 13 seconds.
- The average gas price on the Ethereum network peaked at over 1,300 Gwei in May 2021.
- The average gas price on the Ethereum network reached over 1,500 Gwei in 2021.
Interpretation
Ethereum, the darling of decentralized applications, is truly flexing its blockchain muscles with over 75% of dApps usage under its belt. However, the concentration of wealth is raising some eyebrows as the top 10 Ethereum addresses hoard over 17% of all ETH in circulation, reminding us that decentralization may still have a ways to go. With daily active addresses surpassing 1.2 million in September 2021 and an average block time of just 13 seconds, Ethereum is certainly not playing around. But let's not forget the gas fees - hitting peaks of over 1,500 Gwei in 2021, it seems like using Ethereum can sometimes feel like paying for a luxury ride in rush hour traffic.
Number of cryptocurrencies
- Over 10,000 different cryptocurrencies are currently in existence.
- Tether (USDT) is the most widely used stablecoin in the cryptocurrency market.
- The number of active addresses on the Bitcoin network reached over 1 million in August 2021.
- More than 100 million people globally own cryptocurrency as of 2021.
- The number of unique NFT buyers on OpenSea surpassed 300,000 in September 2021.
- Over 20% of institutional investors own Bitcoin and other cryptocurrencies in their portfolios.
- The global hash rate of all Proof-of-Work cryptocurrencies combined exceeds 150 exahashes per second.
- The total number of unique Ethereum addresses surpasses 160 million as of October 2021.
- The number of active users on the Binance exchange exceeds 40 million as of September 2021.
- NFT sales volume reached $10.7 billion in the first three quarters of 2021.
- The number of Bitcoin ATMs worldwide exceeded 32,000 in November 2021.
- Over 15% of Americans own cryptocurrencies, according to a survey conducted in 2021.
- The total number of Bitcoin wallets with a balance of at least 0.1 BTC reached 3.3 million in 2021.
- Solana processed over 10,000 transactions per second in September 2021.
- The number of unique Ethereum addresses holding at least 0.1 ETH reached 25 million in 2021.
- The number of active Ethereum addresses exceeded 150 million in November 2021.
- The number of active users on the Binance platform exceeded 50 million in 2021.
- The total number of wallets holding at least 1 ETH exceeded 10 million in 2021.
- The number of unique NFT buyers on OpenSea exceeded 500,000 in 2021.
- The number of wrapped Bitcoin (WBTC) tokens in circulation exceeded 300,000 in 2021.
Interpretation
In a world where over 10,000 cryptocurrencies are vying for attention like a crowded disco floor, Tether (USDT) emerges as the suave stablecoin that gracefully glides through the market, winking at traditional financial systems. With Bitcoin's active addresses hitting the million mark and more than 100 million individuals globally joining the crypto craze, it seems everyone wants a slice of the digital pie. As NFT buyers flood OpenSea like eager art collectors at a rare exhibition, and institutional investors cozy up to Bitcoin like a newfound love interest, the crypto landscape is buzzing with energy. With hash rates soaring to dizzying heights and Ethereum addresses multiplying like rabbits, it's a wild ride through the exhilarating world of decentralized finance. So grab your digital wallet, strap in, and enjoy the rollercoaster because in this crypto circus, the only constant is change – and maybe a touch of volatility.
Total value locked in DeFi
- The total value locked in decentralized finance (DeFi) protocols exceeded $60 billion in July 2021.
- The total transaction fees on the Ethereum network exceeded $750 million in July 2021.
- The number of non-fungible token (NFT) sales reached $2.5 billion in the first half of 2021.
- The market cap of decentralized exchanges (DEXs) surpassed $100 billion in July 2021.
- The total value locked in the top DeFi platforms surpassed $80 billion in September 2021.
- The average fee for an Ethereum transaction reached over $50 in May 2021.
- The top 5 DeFi platforms account for over 60% of the total value locked in DeFi protocols.
- The total trading volume of decentralized exchanges (DEXs) reached over $70 billion in September 2021.
- The daily trading volume of stablecoins surpassed $2 trillion in September 2021.
- The total value locked in the top 10 DeFi platforms exceeded $100 billion in November 2021.
- The Poly Network hack resulted in the loss of approximately $600 million in August 2021.
- The daily active users on the Uniswap decentralized exchange exceeded 1 million in October 2021.
- The total value locked in the Avalanche (AVAX) DeFi ecosystem exceeded $5 billion in November 2021.
- The daily trading volume of the Binance Smart Chain (BSC) exceeded $40 billion in November 2021.
- The total value locked in decentralized exchanges (DEXs) surpassed $50 billion in December 2021.
- The total NFT sales volume reached $22 billion in 2021.
- The daily trade volume of the Aave (AAVE) token exceeded $1 billion in 2021.
Interpretation
In a mesmerizing dance of digits, the world of cryptocurrency continues its volatile tango, showcasing feats that leave traditional finance scratching its head in awe. With DeFi protocols locking up more value than the GDP of some nations, Ethereum's transaction fees singing a siren song to miners worldwide, and NFT sales painting a digital masterpiece worth billions, it's a market where numbers play like musical notes in a symphony of innovation. The rise of DEXs marking a new dawn for trading, stablecoins disrupting the notion of fiat, and DeFi platforms locking up more value than some Wall Street giants, it seems this crypto circus is here to stay. But beware, as the Poly Network hack serves as a sharp reminder that this digital playground is not without its risks, where fortunes can be made and lost in the blink of a blockchain confirmation. So, fasten your seatbelts and hold on tight, for the rollercoaster ride of cryptocurrency shows no signs of slowing down.
