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In its new report titled “State of Ethereum Report — Q2, 2022,” Bankless reviewed the performance of the Ethereum Network and its ecosystem in the second quarter of 2022. It touched upon the network’s performance under four broad categories – Protocol, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Layer 2. Ahead of the Ethereum 2.0 […]
reviewed the performance of the Ethereum Network and its ecosystem in the second quarter of 2022. It touched upon the network’s performance under four broad categories – Protocol, Decentralized Finance , Non-Fungible Tokens , andAhead of the Ethereum 2.0 Merge, here is a look at the salient developments within the Ethereum Ecosystem over the previous quarter.
In addition to fueling a fall in the network’s revenue, the bearish backdrop over the last quarter led the average daily active addresses index to fall by 20.6%. In the first quarter, this stood at 593,404. However, the third quarter so far has been marked by a bullish correction. Hence, an uptick in daily active addresses on the Ethereum Network might be recorded by the end of the quarter.With the Ethereum network’s planned transition from Proof Of Work to Proof Of Stake , Bankless found that the amount of ETH staked on theAbout 0.86% of the total supply of ETH was staked by the end of the second quarter.
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