Ethereum’s “realized” price has since then shot up by 11.7%.
“Realized” price doesn’t refer to the current price of a cryptocurrency as listed on exchanges, but instead to the value of coins that are actively used.
The metric, first proposed by crypto data firm Coin Metrics, is useful as it monitors the value of active cryptocurrency—and excludes lost coins or cryptocurrencies left dormant in wallets for years.
It is derived from “realized capitalization”, which measures the aggregate value of a cryptocurrency network by multiplying each cryptocurrency by the last time it moved.
The “realized” price calculation is performed by dividing the realized cap by the circulating supply.
And Ethereum’s “realized” price isn’t the only metric going up. Just yesterday the second biggest cryptocurrency touched new highs for the number of addresses that hold at least a single ETH coin.
The current price of Ethereum is also on the up: today the price of ETH is $594, a 7% increase in seven days, according to data from CoinMarketCap
ETH’s price increase is not only down to Bitcoin’s growing price but also because of the explosion of interest in DeFi platforms—which are usually built on Ethereum.
New York prosecutors tried and failed to solicit the Securities and Exchange Commission’s opinion on Ethereum to bolster their case against KuCoin in 2023, according to newly released SEC records acquired by Coinbase.
The exchange is one of many private conversations unearthed by a Coinbase FOIA request, offering a glimpse at the behind-the-scenes politicking that has shaped U.S. authorities’ approach toward the crypto industry over the past few years.
In an email dated June 2023, the New York A...
Layer-1 blockchain Aptos saw an increase in new developer interest following the viral social media campaign from user BuzzlamicJihad. So much so that Ash Pampati, head of ecosystem at Aptos, told Decrypt that the Aptos Foundation would be “super open” to bringing the user onto its team.
Aptos surged 17% in a single day in February, as BuzzlamicJihad’s unofficial “community takeover” of the network went viral on social media. Following Aptos Labs founder and CEO Mo Shaikh stepping down in Decemb...
Ethereum's Pectra upgrade went live without a hitch—but it didn't serve as rocket fuel for ETH's price.
The world's second-largest cryptocurrency was trading sideways after the long-awaited code changes were finalized on Wednesday.
ETH is currently hovering at about $1,830, meaning it's continuing to trade 40% lower than it was this time last year.
It was a similar story after Ethereum completed "The Merge," and made the ambitious switch from proof of work to proof of stake consensus.
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