Today is the birthday of the second most valuable crypto network in the world – Ethereum (ETH). In the five years of its existence, its metrics increased between several hundred and tens of thousands of percent.
With the details unveiled in late June 2015 for the aptly-titled ‘Frontier’ version, one of the Cryptoverse’s best-known crypto projects went live on July 30 – five years to date. In the span of five years (or five eternities in the Cryptoverse), Ethereum accomplished a number of major milestones for its token, as well as the blockchain itself, which is home to a number of other, diverse projects built upon it.
Ethereum has been through several hard forks and has seen several upgrades and versions – arguably the most important of which is expected to come late this year or early next year.
This is the much-anticipated though much-delayed Ethereum 2.0 (aka Serenity), which will be rolled out in phases, starting with Phase 0 (aka the Beacon Chain). This will bring a number of changes, probably the largest of which is the shift from the Proof of Work (PoW) to the Proof of Stake (PoS) consensus algorithm, replacing miners for validators locking in ETH deposits to validate blocks and earn block rewards. The final multi-client testnet before Phase 0 is set to go live on August 4.
To see how much Ethereum grew exactly over these five years, we looked at the numbers for each July 30 (when data is available) since its launch. We found the following:
- ETH price appreciated 18,834% since July 30, 2015.
- The market capitalization is up by 31,300%
- Hashrate (computational power of the network) increased 58,422%
- The number of transactions is also up, by 19,947%
- Average value of transactions in USD increased by 63%
- Avarage transaction fee in USD is up 17,075%
- Block size is larger by 4,264%
- Active address count is 22,000% higher than in 2015
- And the number of tweets with the ‘ethereum’ hashtag went up almost 300%.
Ethereum’s massive rally in 2017 also left an important mark in its history. The rally ended in January 2018 when the price of ETH touched USD 1,400. Measures across the spectrum blew up at that point, then dropping significantly in the months to come.
ETH price chart:
Ethereum seems to have chosen a more gradual ascend this time around. Certain values, as seen in the table below, are somewhat lower in 2020 so far, compared to 2019.
Here are more details on individual network metrics (90-day simple moving average).