Bitcoin led us into the up and down world of digital currency in 2009, and since then, over 10,000 cryptocurrencies have joined the online financial market.
None come even close to the value of 1 Bitcoin, but there is a runner-up that has gained immense popularity and value over the last few years.
Ethereum is the second most valuable cryptocurrency on the market. While Bitcoin is 15x more valuable, this crypto brand is making a unique purpose for itself, making it not only competitive with the biggest cryptocurrency in the world but also keeping itself relevant to millions of users.
These Ethereum statistics show how this currency keeps its edge in the unpredictable age of new digital money.
Latest Facts & Figures (Editor’s Choice)
- The ROI for Ethereum’s ICO was 279,843%
- In May 2021, the market cap of Ethereum was almost $407 billion
- The average number of Ethereum transactions every day is 1.425 million
- 3,511 dapps are currently on the Ethereum network
- The Ethpool/Ethermine pool takes up 26% of the Ethereum network’s hash rate power
- In Q1 2021, Ethereum’s total accumulation of transaction fees grew by 200 times
- Ethereum hosted 350% more transactions than Bitcoin in Q3 2020
Ethereum Stats: The Value of Ether
1. Ethereum’s ICO had an ROI of 279,843%.
(Cointelegraph)
The concept of Ethereum managed to garner a lot of hype by the time its tremendous ICO (Initial Coin Offering) took place. Currently, the coin is worth over $2000, showing just how much can happen in this industry in a few years.
When it was released in July of 2014, coin sales skyrocketed. The ICO accumulated $15.5 million, and according to Ethereum ICO market statistics, Ethereum’s investors received a total of 50 million tokens, each one worth $0.311.
2. Ethereum’s First Listed Price Was $2.77.
(Blocking)
An ICO (initial coin offering) is a very popular funding method for cryptocurrencies. An ICO involves the trading of coins in exchange for initial funding of the project. If the crypto grows in popularity, the investors have the initial benefit of already owning currency in an explosive market.
Looking at the Ethereum price history, it struggled at first with its ICO tokens dropping between $0.3 and $0.4 after the first day, then fluctuating up to $0.68 per Ether token. After building some customer confidence, however, it rose to around $1 within the first year.
3. Ethereum’s highest value ever was $4,382.73.
(Coindesk)
Ethereum has held a relatively stable coin value since its inception. Over the last few years, however, it has reached historic highs. At the end of 2020, Ethereum’s coin value reached $1,448.18 per coin. This may not come close to Bitcoin’s near $60,000 around the same time but still gives it credibility.
Ethereum price statistics attribute this spike to the general increase in using the brand’s dapps (decentralized apps).
4. The market cap of Ethereum in May 2021 was almost $407 billion.
(Yahoo! Finance)
Ethereum’s market cap is precisely $406,935,619,083, making it the second-biggest cryptocurrency on the market, positioned right between Bitcoin at no.1 and Binance Coin in third place.
Ethereum’s current circulating supply is 115,908,167 ETH. This far exceeds Bitcoin, which stands at 18,712,112 BTC at the moment.
What will Ethereum be worth in 2030?
There are many factors at play to provide an accurate price prediction for 2030. A lot can happen over ten years, especially unpredictable events like economic downturns or regulatory shifts.
As long as the current climate remains stable, with high demands for decentralization of financial systems, and adoption rates remain consistent, many predict that Ethereum could be worth $5,000 by 2030.
ETH Transfer Time, Transactions and Scalability
5. The average number of daily Ethereum transactions is 1.425 million.
(YCharts)
Ethereum is a widely popular cryptocurrency used by people all around the globe. Their user rate is second only to Bitcoin, and as such, they have incredible transaction volume on a daily basis.
Today’s transaction volume is quite high but not the highest in the entire cryptocurrency’s history. According to Ethereum usage statistics, May 9, 2021, was the busiest day for Ethereum tracking around 1.717 million transactions.
6. Ethereum may scale to 100,000 transactions a second.
(The Block)
Ethereum faces the same common problem every blockchain network struggles with: scalability. Since every node needs to confirm every action in the chain, growth provides a technical problem.
Ethereum’s adjustable design holds an advantage. Ethereum 2.0, a major upgrade to the network, may alleviate the scalability issue by introducing a three-phase transition over the next two years.
Its developers, including Vitalik Buterin—the man behind this cryptocurrency, believe that the number of Ethereum transactions per second can grow up to 100,000 transactions per second, compared to Ethereum 1.0, capable of handling a mere 30 transactions per second.
7. As of May 17, 2021, Ethereum has conducted over 1 billion transactions since its inception.
(Blockchair)
After just five years, Ethereum has been rapidly growing in popularity and value. Since 2017, its transaction rate has been steadily building. Looking at Ethereum network statistics reveals the extent of its size and popularity, with 1,195,788,876 transactions occurring since becoming available to the public.
8. In Q3 2020, Ethereum had 3.5x more transactions than Bitcoin.
(HedgeWeek)
Bitcoin may be the highest valued cryptocurrency on the market, but Ethereum is showing itself to be a healthy competitor.
In the third quarter of 2020, both Ethereum and Bitcoin enjoyed plenty of traffic, but Ethereum’s 1.1 million average daily transactions far outpaced Bitcoin.
Will Ethereum overtake Bitcoin?
It’s difficult to predict whether Ethereum could overtake Bitcoin. At this point, ETH has a ways to go to even compete with the value of Bitcoin on the market. More importantly, the two brands may simply serve completely different purposes in the market.
Bitcoin’s exclusive goal is to become a validated and valuable digital currency. Ethereum, on the other hand, is diversified, advertising itself as a platform for users to trade and conduct business through their unique blockchain.
Ethereum Apps Statistics and Smart Contracts
9. There are currently 3,511 dapps on the Ethereum network.
(State of the Dapps)
A dapp (decentralized application) is a piece of software running on a distributed network eliminating the presence of a centralized host server. Instead, dapps run on a decentralized peer-to-peer network. In the world of Ethereum, daaps are also referred to as smart contracts: automated financial contracts that connect, interpret and terminate on their own according to their unique coding modifications.
Ethereum statistics show their network hosts the most dapps by far, approximately 2,782 at the moment of writing. EOS is the second-biggest network in this regard, with 328 dapps.
10. By the end of 2023, the global market for smart contracts will reach $300 million.
(Market Research Future)
The blockchain is a unique concept full of possibilities, and smart contracts are one of the latest applications the world is exploring in this area. Smart contracts hold the ability to remove mediators or intermediaries from contractual arrangements of all types, especially in the financial world.
Ethereum smart contract statistics show that the CAGR of this technology will balloon to 32% over the next few years, showing the desirability of such an option. Smart contracts take the back-and-forth work out of many internal processes. Their automated nature ensures a completely streamlined and fair approach to legal agreements of almost all types.
11. Ethereum DeFi apps saw a transaction volume of $5.7 billion in June 2020.
(The Crypto Associate)
Ethereum transaction statistics show that the advent of blockchain technology has given way to the rise of a new kind of monetary system. Deferralized finance (DeFi for short) consists of blockchains, smart contracts, digital assets, and other components that make it free of centralized authority.
Decentralization appeals to businesses and individuals alike. The finance world is undergoing a revolution, and the amount of money involved shows it’s not just a passing trend. Ethereum stats show that in June of 2020 alone, the value lock for DeFi apps reached over $2 billion.
Ethereum Growth and Expansion
12. Ethereum’s TVL in mid-March 2021 was $46.1 billion.
(Yahoo! Finance)
TVL (total value locked) represents the amount of assets currently being staked in a given protocol. Ethereum has enjoyed a solid amount of growth in its TVL in 2021, with April being a particular highlight.
Beyond that, Ethereum adoption statistics revealed that Visa announced it was using the Ethereum blockchain for its crypto transaction settlement. That move increased the intensity of the spotlight on Ethereum. Combined with the preparation for Ethereum 2.0, a bigger and faster version of the Ethereum blockchain, this crypto is making a name for itself on multiple fronts.
13. There were 153,089,784 unique Ethereum addresses in May of 2021.
(Etherscan)
ETH Price Prediction rose in alignment with a vast uptake in new addresses in 2018. This year marked the highest jump in unique Ethereum addresses on January 4, 2018, seeing 355,726 new addresses joining the Ethereum network in one day.
Since then, it has seen a steady growth of new users, showing great promise for the currency. The lowest day in the crypto’s history, with approximately 41 new addresses joining on Thursday, August 6, 2015.
14. From April 2021 to May 2021, Google’s search volume for “Ethereum” grew by over 100%.
(The Block)
When it comes to Bitcoin vs. Ethereum statistics, we can see that Bitcoin outnumbers Ethereum when it comes to search volume. Although, it is interesting to see that the volume for each currency follows the same distribution over time, peaking at similar moments.
Search volume for Ethereum on Google reached its all-time peak in May 2021, meeting a previous high in March of the same year.
15. Ethereum’s total accumulation of transaction fees increased by a factor of 200 in Q1 2021.
(Bitcoin.com)
Ethereum blockchain statistics showed the first quarter of 2020 to be a more than promising period, with transaction fees hitting a total of $1.7 billion.
Transaction fees for Ethereum are commonly referred to as gas: the price you pay to have a transaction successfully processed in the Ethereum blockchain. These fees fluctuate with the amount of traffic indicated on the website, rising to ease congestion on the chain and falling when user interest is low. The range averages around $4.50 but has been seen up to $60 per transaction.
Ethereum Block Size and Mining Statistics
16. Block completion time for Ethereum is approximately 13 seconds.
(Investopedia)
Completion time refers to how long it takes to make a new “block” in the blockchain for a specific cryptocurrency. This directly relates to how long it takes to generate new available coins and subsequently affects the value.
Ethereum differs from Bitcoin, as it allows for changes and additions to their currency code. This allows Ethereum’s blockchain to improve over time, outpacing Bitcoin in the realm of completion time.
Ethereum mining statistics tell us it takes around 200 times longer to mine a Bitcoin, giving Etherium a competitive edge, at least when it comes to accessibility.
17. Ethereum’s maximum block size is 1,500,000 Gas.
(ETC Group)
The complexity of actions on the Ethereum network determines how much gas they’re worth. For instance, more rudimentary transactions, like ether payments from one account to another, have a complexity of 21,000 gas. That means a block can accommodate about 70 transactions.
Ethereum block size for basic transactions is less than that of Bitcoin, which can generally accommodate about 1200 to 2000 transactions per block. Ethereum, however, offers its own developed code that is more advanced than Bitcoin’s chain, giving it potential to build into something much greater than just a digital currency.
18. The Ethpool/Ethermine pool is responsible for around 26% of Ethereum’s hash rate power.
(Coin Central)
Joining a mining pool is a great way to increase your chances of successfully mining coins, but knowing which one to join is integral. According to Ethereum mining pool stats, Ethpool/Ethermine pool is the largest mining pool available, with more than 125,000 miners actively using it.
Joining a mining pool allows a more predictable payout as you receive small payments more frequently, instead of only when you solve a big block.
19. Every transaction on Ethereum expends energy equivalent to what the average U.S. household spends over 2.91 days.
(Moritz Seibert)
Among the biggest problems with cryptocurrency is the energy consumption needed to mine them.
The energy footprint for the top cryptos is genuinely mind-boggling. One of the fun facts about Ethereum is that its energy consumption is roughly equivalent to that of Peru (49.57 TWh).
Ethereum’s network also boasts the same carbon footprint of Sri Lanka, at 23.55 Mt of CO2. Meanwhile, each transaction creates about as much CO2 as 90,582 VISA transactions. That’s the same as 6,812 hours spent on Youtube.
While it seems like a lot sitting at the same range as whole countries, Bitcoin and Ethereum put together still only amount for about .015% of all carbon emissions in the world.
Ethereum Statistics: Conclusion
Ethereum is one of the more interesting cryptocurrencies on the market. Second in value only to the industry leader, Bitcoin, Ethereum differentiates itself on the market, keeping it competitive in this unpredictable digital money game.
By focusing on dapps and smart contracts, Ethereum makes a currency that is not only useful but also empowers their central purpose—to eliminate middle players from the financial market and stake a hold in fully fool-proof automated transactions. As such, Ethereum continues to see steady traffic and value growth, rising and falling with the current cryptocurrency market.
People Also Ask
It’s hard to say with certainty whether or not an investment in Ethereum will pay off in the long run. Generally speaking, speculating with Ethereum can prove very profitable since it has shown to yield substantial returns.
You can profit from Ethereum in many ways, such as ETH staking, Ethereum faucets, and Ethereum mining. Depending on your circumstances, some of these might prove more viable than investing in Ethereum.
Overall, Ethereum is a wise investment. As long as you follow the market closely and make informed decisions, you should make a profitable return.
Beyond giving considerable returns on your investment, the technology behind Ethereum will likely be used for years to come. Therefore, investing in it is guaranteed to pay off eventually, as long as you know what you’re investing in.
So far, predictions for growth have been optimistic, so making money from it is indeed possible. Ethereum has been on the way up in terms of value, making this a good time to start investing.
However, Ethereum won’t exactly make you rich overnight. You will likely see positive results over time (if the crypto doesn’t go down substantially), but don’t expect dramatic results.
Ethereum is currently the 2nd most valuable cryptocurrency on the market. While it may not compare to the value of Bitcoin, Ethereum sets itself apart from its competition by investing in other servers such as smart contracts and increasing transaction times to keep itself competitive on the market.
Predictions for Ethereum are largely positive, and that sentiment should make it a good investment idea. Beyond that, its versatility ought to give it a lot of durability on the market.
Compared to other cryptocurrencies, Ethereum has a host of advantages. For instance, ETH transfer time is significantly faster than that of BTC. It also has much more flexibility in function compared to most cryptocurrencies, which increases its worth.
Ethereum 2.0 is an upgrade to the Ethereum network—namely, one that will switch from the current proof-of-work concept to the proof-of-stake system. As such, 2.0 should eventually replace the network in its entirety.
Ethereum 2.0 outperforms Ethereum 1.0 in a few key ways. One of the most lauded feats of Ethereum 2.0 is that it can handle 100,000 transactions per second.
Compared to the original Ethereum statistics, this is a tremendous upgrade.