press release
PRESS RELEASE. In December 2022, CoinEx will celebrate its fifth birthday. Since its inception, the crypto exchange has gone through bulls and bears and attracted over four million users across more than 200 countries and regions worldwide. For both CoinEx and the crypto space, the past five years have been extraordinary. In particular, this year, CoinEx launched an all-new brand slogan: Making Crypto Trading Easier.
The CoinEx team shared their views on the future development of crypto and the exchange.
- CoinEx is one of the few crypto exchanges that has been running for five straight years. In your view, what is the most prominent change in the market over that period?
During the past five years, the crypto industry has served more people. Although it is difficult to count the total number of crypto users, we can get a glimpse of the massive user base through on-chain activities. According to Etherscan.io, the number of Ethereum unique addresses barely exceeded one million back in 2017, and the number of daily transactions stood at about 50,000. Today, there are well above 200 million Ethereum unique addresses, with approximately one million transactions registered every day. On Ethereum, both the number of unique addresses and daily transactions have gone up twenty-fold. Additionally, five years ago, Ethereum was the only public chain with smart contracts that was widely adopted; right now, new public chains and Layer 2 also carry a huge number of transactions. Data from DefiLlama suggests that Ethereum accounted for roughly 95% of the TVL of the market in 2020, and that percentage has dropped to less than 60% in 2022. This indicates that crypto ecosystems have become more active and robust during the past five years, going far beyond the twenty-fold increase recorded by Ethereum.
Right now, crypto users are no longer concentrated in one region; they are everywhere. For instance, CoinEx’s user base spans over 200 countries and regions, covering most places in the world.
In recent years, crypto applications have also achieved fast progress. From DeFi through Play-to-Earn to Meme, new crypto attempts target the general public. It is noteworthy that on-chain data in DeFi is open to all, which mitigates the huge information gap in conventional finance. Following the boom of Play-to-Earn, some low-income groups were the first ones to profit, and every user can spend time earning rewards via the model. Meme coins are also a bottom-up…
Click Here to Read the Full Original Article at Bitcoin News…
