Dec 20, · A relatively unknown crypto asset that was conceived in just witnessed its market capitalization soar to more than $ million in less than 48 hours after its launch. The Graph (GRT) is an Ethereum-based indexing protocol that enables users to query data from the blockchain in a decentralized manner. Nov 03, · According to CoinMarketCap, Bitcoin has increased its dominance over the market capitalization of the entire cryptocurrency market. On September 14, it comprised % of the crypto market cap, the lowest levels since June Jun 16, · That being said, it's important to keep in mind that the ether ecosystem is much smaller than bitcoin's: as of January , ether's market cap was just under $16 billion, while bitcoin's is.
Bitcoin market cap ethereumBitcoin Recoups Market Cap Share as Ethereum DeFi Cools - Decrypt
Ethereum-based decentralized finance DeFi protocols, such as lending protocols and exchanges, were all the rage, since they offered investors attractive bonuses for using the platforms. Ethereum increased its dominance from about 9. As some of those incentives washed away, so did interest in DeFi.
One visualization of all the excitement around Bitcoin is its average transaction fee. This is the average cost of processing a Bitcoin transaction. Fees rise when the demand for processing fees outstrips the capacity of Bitcoin miners to process those fees—simple supply and demand economics. Read on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now.