Crypto data aggregator CoinMetrics has compiled a list of 100 insights into the recent performance of the digital asset markets — and the figures add up to a very bullish picture for the ecosystem.
Released to celebrate the 100th issue of its State of the Network report, the list notes that a $100 investment made into Dogecoin 100 days ago would be worth $2,742 today — outperforming the same $100 investment in Bitcoin (which would be valued at $135 today), Ethereum ($186), and Uniswap ($401).
The report states that Bitcoin has seen $14.5 billion worth of “trusted trading volume” in 100 days, alongside $6.1 billion worth Ether, $2.4 billion worth of XRP, $2.3 billion worth of DOGE, and $1.3 billion worth of Cardano (ADA) over the same period.
When looking at recently active addresses, veteran networks appear to still be the most popular — with nearly 611,000 active daily Ethereum addresses over the past 100 days, and 1.12 million active Bitcoin wallets. Bitcoin set a new record for daily activity on April 14 with 1.36 million wallets engaging with the network.
Over the past 100 days, a total of 1.4 million addresses have engaged with the top DeFi protocols — Uniswap, Aave, Compound, MakerDAO, and Synthetix — while the Litecoin network has hosted 24.4 million active wallets.
Users are paying to access the Ethereum mainnet at an accelerated pace, with $2.3 billion of the $3.17 billion in total fees that have ever been generated by Ethereum, having been recorded since the start of 2021. By contrast, Bitcoin has generated roughly $2 billion fees over the network’s lifetime.
The average Bitcoin transaction fee was $20.68 over the past 100 days, while Ethereum transactions averaged $16.68 over the same period. Bitcoin’s average transaction size of $30,000 has been almost double Ethereum’s $15,660 since the start of 2021.
Despite Ethereum’s impending transition to…