Sales rose by 1,777 %, Defi shot up 770 %

• Ethereum experienced massive growth in the fourth quarter of 2021, with the revenue increased by astonishing 1,777 percent in the year, since the prickly ETH was almost quinted.
• The value bound to Ethereum Defi-platforms has increased by eight times, but the transaction fees have also risen by $ 2 $ 257 percent, compared to $ 4.

2021 was a huge year for Ethereum, since the project recorded growth in almost all other sectors, from projects that build on its infrastructure, to income and daily active addresses. In the fourth quarter this growth was the highest and when ETH set up a new record price with $ 4,860, the income shot up 17 times the year.

in his Condition of Ethereum: Q4 report most important key figures such as income, inflation, transaction fees, staking and defi.

companies published quarterly reports. Protocols not. So we did it instead.

📑 The condition of Ethereum | Q4-report https://t.co/Qwc1ysg1e3

- Banklos 🏴 (@Banklesshq) 13. January 2022

Compared to the fourth quarter of 2020, the network revenue on Ethereum rose by astonishing 1,777 percent to $ 4.34 billion, from only $ 231.4 million. At Ethereum, sales refer to the transaction fees that users pay for the use of the platform. It is most noteworthy that 87 percent of them or $ 3.78 billion were burned by EIP-1559 and removed from circulation due to the deflation mechanism.

Ethereum was able to win more users in the fourth quarter of last year, with the number of daily active addresses by 35 percent from 425,636 to 572,700 increase. This is quite important, maybe even more than the income. Daily addresses show the number of people who turn to Ethereum every day, be it for Defi, NFTS or simply for the exchange of values. This number excludes people who buy and Hodln, as they probably don't access their wallets every day.

Ether owners also showed much more confidence in the future of the network, with the amount of ETH used by 471 percent. In the fourth quarter of 2020, 1,545,486 ETH Gestaket, which was $ 5.1 billion at the time of going to press. The network ended the fourth quarter of 2021 with 8,818,933 ETH worth $ 29.2 billion. This corresponds to 7.3 percent of the total market capitalization, which amounts to $ 395 billion.

The Defi explosion cries etherum in the 4th quarter of

in 2021 Defi was the sector that gave Ethereum the greatest upswing. In the fourth quarter, the Total Value Locked (TVL) shot up to $ 154.2 billion, compared to $ 17.73 billion in the same period of the previous year, which corresponds to an increase of 770 percent. Curve still holds the top position in the defi ecosystem with over $ 20 billion on TVL.

And it was not just the TVL that grew. Defi users acted on these platforms every day. In the fourth quarter, the trade volume on decentralized stock exchanges such as Uniswap and Curve was $ 291.53 billion, which corresponds to an increase of $ 48.97 billion in the previous year.

Bitcoin continued to flow into the Ethereum ecosystem, with over 320,000 BTC in the network as a packaged BTC (WBTC), RenBTC and TBTC.

nfTS also recorded a parabolic increase, whereby sales on Openea, one of the most popular NFT marketplaces, rose by 50,000 percent.

There were also disadvantages. One of them was the transaction fees invoiced by the users, which were $ 26.89, compared to $ 4.09 in the previous year, which corresponds to an increase of 557 percent. However, Vitalik may have a plan to solve this challenge with his latest proposal.

: Vitalik Buterin proposes "Multi-Dimensional EIP-1559" to solve suboptimal gas fees on Ethereum