Ethereum Ecosystem Statistics

What happened in 2018/2019 & where we are going!

Today, we will look into Ethereum statistics and see what happened in 2018–2019; what worked, what didn’t, and what’s coming next 🚀🌖🙌

tl;dr

Less ICO buzz 📄

High Smart Contract creation, usage, and growing developer adoption 📝

ERC20 still dominates as a token standard ⚙

More DApps, but w/ limited user adoption (yet!) 🛠

#DeFi is on the move 📈

As Bitcoin’s price rose in 2017, everyone wanted a coin and Ethereum was ideally placed for this situation. Anyone could build a token on the Ethereum blockchain in less than an hour, and opportunists did exactly that — shouting for the tokenization of everything from the top of the Eiffel Tower (many without a legitimate use-case, real understanding of blockchain technology, token economics, incentivization, or decentralization… [yes, I am cynical about ICOs now and I dislike them, #opinion]).

There were all sorts of useless coins and Ethereum became a token-making machine. In this crazy town however, a few projects started which weren’t focused on tokens, but rather using Ethereum’s Smart Contract technology and building real, decentralized applications (dApps).

As the bear market of 2018 crushed the crowd sale trend and tested the strength & durability of many blockchain projects, it’s refreshing to say that developers are now building some awesome, usable dApps 😃!

No More ICO Buzz

The first half of the 2018 saw a massive boom in crowd sales. Thousands of ICO’s raised Billions of dollars. There were a lot of scams too, but bear market killed “easy money” and ICOs are not able to attract investors so quickly anymore. Only 189K Ethers were invested in different crowd sales last month, compared to 1.92M Ethers invested in June 2017. (ETH price in June 2017 ~$350 and in May 2019 ~$250).