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Despite recent issues, ConsenSys says Ethereum network strong and growing

source-logo  chepicap.com 16 December 2018 22:16, UTC

It is being reported by ConsenSys that despite the difficult bear market that led to the downsizing we saw recently, the Ethereum network is actually growing quite well. They published various figures to back up this claim.

Some of the positive information included the fact that the number of unique addresses on the network grew about 4x over the last year. Also the average wallet stays "active" on average 3 times longer than it did this time last year.

It's also pointed out that the creation of smart contracts, while it did lull over the summer, is improving rapidly at the end of this year.

This is followed by the specific claim that "Of the top 100 tokens by market cap, 96% are built off Ethereum. Of the top 1000 tokens, 89% are built off Ethereum." Not to mention, of the 2,286 live dApps in existence, 2,175 are running on Ethereum.

Multiple other metrics are noted, including the growth of relevant communities such as r/Ethereum and the Bounties Network. Overall, it all does sound fairly optimistic.

Ethereum does generally benefit from being both one of the earliest and best known blockchains aiming at delivering a global, decentralized computer system. If these metrics can hold until the next bull run, Ethereum may just have the infrastructure and user base in place to maintain the lead.

chepicap.com