1/🧵 Ethereum, launched in 2015 by Vitalik Buterin, is a decentralized platform for building and deploying smart contracts and dApps. Unlike Bitcoin, Ethereum aims to be a global, decentralized computer, with Ether (ETH) powering these applications. #outreach #threadstorm
2/🧵 As of 2024, Ethereum has over 250 million unique wallets and averages 500,000 daily active addresses. The network processes about 1.2 million transactions daily, with a transaction volume often exceeding $20 billion.
3/🧵 Transaction fees range from $10 to $30, though Layer 2 solutions aim to reduce costs. Over 20 million ETH are staked, offering an annual yield of 4%-7%. Ethereum's monetary policy has become deflationary at times, with close to zero annual inflation.
4/🧵 Total Value Locked (TVL) in Ethereum-based DeFi protocols is around $150 billion, distributed across lending, DEXs, yield farming, and stablecoins. Approximately 18 million ETH are locked in liquid staking protocols, highlighting Ethereum's critical role in the crypto ecosystem.
5/🧵 https://inleo.io/@steemychicken1/a-look-at-ethereum-and-its-data
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