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Let’s see the “ridiculous growth” of Ethereum price over last six years through the following 4 charts

Ethereum price seems to be outperforming BTC as it rose above the $2,550 resistance and tested the $2,700 level, it is now correcting gains. While many are still expecting new gains for ETH, crypto veteran Spencer Noon, celebrating ETH’s 6th birthday, shared 4 charts that demonstrate its ridiculous growth over the years.

These four charts show Ethereum price “ridiculous growth” in six years

First, Noon shares the first chart, showing that the annual transactions on the ETH network grew from nearly zero in 2015 to over 300 million in 2020. Noon says Ethereum is on track to complete half a billion transactions by the end of 2021.

lets-see-the-ridiculous-growth-of-ethereum-price-over-last-six-years-through-the-following-4-charts

The Ethereum network is on pace to do more than 500 million transactions in 2021 | Source: Spencer Noon/Twitter

Then, Noon reflects the amount of gas used to conduct transactions on the Ethereum network to the second chart. The chart indicates that no transaction fees were collected in 2015, but Noon says ETH gas will breach 3.50 million ETH by the end of the year 2021.

lets-see-the-ridiculous-growth-of-price-over-last-six-years-through-the-following-4-charts[1]

3.5 million ETH is projected to be used for gas this year | Source: Spencer Noon/Twitter

Noon’s third chart reflects the growing number of Ethereum users. Even with 5 months left in 2021, ETH yearly active addresses are already at ATHs (~30 million).

price-over-last-six-years-through-the-following-4-charts

Source: Spencer Noon/Twitter

And finally, Noon pointed out that the number of smart contracts created on the Ethereum network increased from less than 5 million in 2017 to over 7.5 million in 2019 and then increased to over 15 million in 2020. Noon predicts that Ethereum will hit a new record for deployed contracts by the end of 2021.

lets-see-the-ridiculous-growth-of-ethereum-price-over-last-six-years-through-the-following-4-charts[4]

Ethereum is on pace to hit ~50 million smart contracts deployed all-time by the end of this year | Source: Spencer Noon/Twitter

Biggest ETH wallets now hold almost 40% of the total coin supplying

According to Santiment, the largest crypto whales now own 39.2% of the total supply of ETH. The company emphasizes that this is the largest portion of the ETH supply owned in almost three months – since May 12.

ridiculous-growth-price-over-last-six-years-through-the-following-4-charts

Source: Santiment/Twitter

“Ethereum has made it to a high of $2,691 for the first time since June 7th. The near 2-month high comes as the percent of ETH held by the whale ‘Millionaire Tier’ just reached a high of 39.2%. This is their largest supply portion owned since May 12th”, Santiment tweeted.

The community was quite interested in Noon’s sharing. Ethereum celebrated its sixth birthday when it was launched on July 30, 2015, but it has now become a hub for NFT, DAO, and DeFi since its inception. At press time, ETH is changing hands at $2,590. However, the developers are working hard to upgrade it. And the London hard fork is quite desirable. The latter will take place in just a few days, on Aug. 4, at block 12,965,000.

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