Ethereum market growth outpaces Bitcoin in first half of 2021

by: Dynasty GI2021-07-31
The Ether market expanded three times faster than Bitcoin’s in the first six months of 2021, according to crypto exchange Coinbase’s half-yearly review.
Coinbase stated that Ether’s trading volume reached US$1.4 trillion during that period, a 1,461% rise compared to the same period in 2020.
Coinbase’s half-yearly review also highlighted the major growth in Ethereum-based decentralised finance (DeFi) and the fact that Ethereum’s forthcoming upgrade scheduled for August 4th will include a mechanism that will take a variable amount of Ether out of circulation each time a transaction is executed, potentially helping push up its value by curbing supply growth.

Dynasty Global Investments AG’s cryptocurrency, the D¥NS, uses tokens known as ERC-20, which are blockchain-based assets issued on the Ethereum network.
"“A key proposition of our business model is the use of blockchain to bring the best and most advanced in digital finance to the traditional real estate world”, said Dynasty’s co-founder and CEO, Eduardo Carvalho. “That is why we felt the best strategy for us was to adopt the Ethereum-based ERC-20 token for the D¥NS”, he added."
ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The primary difference is that instead of running on their own Blockchain, ERC-20 tokens are issued on the Ethereum network.

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