Ethereum [ETH] Analysis: At what point was T2 good or bad for the network?





In his new report entitled “State of Ethereum Report – Q2, 2022”, Bankless examined the performance of the Ethereum network and its ecosystem during the second quarter of 2022. He addressed the performance of the network under four major categories: the protocol, la finance décentralisée (DeFi), les jetons non fongibles (NFT) et la couche 2.

Before the Ethereum 2.0 fusion, here is an overview of the main developments of the Ethereum ecosystem during the previous quarter.

Voici ce que dit la chaîne

Bankless has observed that this is the reason for the slowdown in the general market crypto-money between April and June, the transaction fees paid to use the Ethereum network fell by 33.4%, from 1.91 billion dollars in the first quarter to 1.28 billion dollars in the second quarter.

In addition to feeding a decline in network revenues, the bearish context of the last quarter has resulted in a 20.6% drop in the index of average daily active addresses. Read also: The best crypto to buy now and keep : Ethereum (ETH). In the first quarter, it was 593,404.

However, the third quarter has been marked until now by a bullish correction. Therefore, an increase in daily active addresses on the Ethereum network could be recorded at the end of the quarter.

With the planned transition of the Ethereum network from Proof Of Work (PoW) to Proof Of Stake (PoS), Bankless has noted that the amount of ETH put into play on the Beacon chain has increased by 116%, passing from 6.01 million au first trimester à 12.98 million au dernier trimester.

About 0.86% of the total supply of ETH was staked at the end of the second quarter. Le 6 juillet, le réseau a réussi sa fusion sur le réseau de test Sepolia. La fusion avec le réseau Goerli étant prévét dans les semanes à venir, la fusion finale avec le réseau main Ethereum devrait avoir avoir avont la fin de l’année.

Decentralized Finance (DeFi)

Bankless has noticed that the second quarter of the year was marked by a decrease in the total blocked value (TVL) of the DeFi protocols hosted on the Ethereum network. This will interest you: 2 crypto-monnaies à surveiller pour “Buy The Dip” et faire des profits à long terme.

During this period, TVL went from 59.42 billion dollars in the first quarter to 34.21 billion dollars in the second quarter, a decrease of 42.4%.

The total volume of transactions on decentralized spot exchanges built on the Ethereum network also recorded a decrease in the second trimester. Between April and June, it fell 9.0%, passing from 350.54 billion dollars in the first quarter to 319.13 billion dollars at the end of the month of June.

Finally, Bankless noted that during the last trimester, the share of ETH staked increased by 177.5%. Ceux ci ont été jalonnés avec des protocoles non dépositaires qui ont émis des dérivés de jalonnement liquides.

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Thomas Estimbre
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