• The ETH price comparison with average of other tokens are shown here on the right side and you can see the final stage on Nov 23rd.
• The top tokens and ETH alongside each other are shown in the column form and you can see the return percent going negative from Nov 9th forward and increasing almost every day.

• The average token price comparison with its former state in the last week and the last 200 days show us the infamous descend of the prices in the passed few days.
• Same thing goes for the ETH price in the right graph and with a simple look you can say the price is lower than ever.

• On the left we can see the sell and buy volume of ETH from Oct till Nov and On the Nov 10th the net volume is on its worst shape.
• Also on the right we have the token net volume going negative on Oct 28th and from that point forward the trend gets a downside form and by the end of the graph we clearly see the advantage of selling over buying.

• The token swap TX peek in on Nov 9th which is 2 days after the FTX event and after that the tx count goes down rapidly, sure there is a small rise on Nov 14th but after that the Tx count reaches its lowest on Nov 23rd.
• Same thing happens for ETH swap count but with a minor spike on Nov 20th but the downhill trend continues after wards.

• The cumulative bought and sold trends are both rising but the advantage of selling is so much that the ETH net volume is going down hard and on Nov 23rd we can see that in reaches -87.4M worth of volume.
• On the right side things don’t look so good for other tokens either and we see the net volume at its lowest number on the Nov 23rd which is -260.3B.

• The Tx transfer and transferred volume of ETH are shown on the left and right side of this box and you can see the daily amount and status of each with a clear comparison.

• The average amount of transferred ETH volume is in its highest state on the Nov 9th which is the same day as the highest amount of sell volume of ETH, this means the majority of this swap goes to selling the ETH and not buying it.
• The median amount gains some distant from average on Nov 15th till Nov 20th and this means more of the swaps that happened on this time span had probably higher values.

• The transferrer count is showing the amount of transferred with the label type in a daily basis and here we can see that CEX has the most amount of transfers over time and on every day.
• The next column form shows us the transferring of ETH with the same label types over time and here we can see the top three labels are DAPP, CEX and DEX.

• The currency exchange of ETH volume on the left again rises to its maximum by the different markets and here we see DAPP, CEX and DEX in the top three spots with the most amount of volume transferred.
• On the right side we have the daily average and comparing the Nov 9th average with its total volume we can see a big portion of the transactions that happened on this day were low value and still with high number of transactions we have a relatively high average.

• The cumulative amount of transferred volume shows that CEX has the highest number in terms of volume and the strongest at this point.
• TX count however tells that the DAPP currency exchange did the most number of tx counts.

• On these two wheels we have the crypto exchanges distributed in tx count and by volume on the far right side.
• In TX count we have DAPP in the first spot and in volume we have CEX in the first spot.

What is Ethereum and how does it work?

If Bitcoin (BTC) is the alleged future of money, then what is Ethereum? For someone new to the cryptocurrency space, that’s the logical question to ask, considering they probably see Ethereum and its native Ether (ETH) cryptocurrency next to Bitcoin everywhere on exchanges and in the news. However, it’s not exactly fair to consider Ethereum to be in direct competition with Bitcoin. It has different goals, features and even technology.

Ethereum is a decentralized blockchain network powered by the Ether token that enables users to make transactions, earn interest on their holdings through staking, use and store nonfungible tokens (NFTs), trade cryptocurrencies, play games, use social media and so much more.

Many consider Ethereum to be the internet’s next step. If centralized platforms like Apple’s App Store represent Web 2.0, a decentralized, user-powered network like Ethereum is Web 3.0. This “next-generation web” supports decentralized applications (DApps), decentralized finance (DeFi) and decentralized exchanges (DEXs), for instance. 

This guide will provide you insights on the history of Ethereum, ethereum mining, how does Ethereum work, how to buy Ethereum, ETH vs BTC, Ethereum benefits and a glimpse of Ethereum 2.0. 

History of Ethereum

Ethereum wasn’t always the second-largest blockchain project in the world. Vitalik Buterin actually co-created the project to answer for Bitcoin’s shortcomings. Buterin published the Ethereum white paper in 2013, detailing smart contracts — automated immutable “if-then” statements — enabling the development of decentralized applications. While DApp development already existed in the blockchain space, platforms weren’t interoperable. Buterin intended Ethereum to unify them. To him, unifying the way DApps run and interact was the only way to maintain adoption.

Thus, Ethereum 1.0 was born. Think of it as Apple’s App Store: one space for tens of thousands of different applications, all abiding by the same ruleset. Only that ruleset is hardcoded into the network and enforced autonomously with developers able to enforce their own rules within DApps. There isn’t a central party, like with Apple changing and enforcing regulations. Instead, the power is in the hands of the people who act as a community.

Of course, building such a network isn’t cheap. So, Buterin and his co-founders — Gavin Wood, Jeffrey Wilcke, Charles Hoskinson, Mihai Alisie, Anthony Di Iorio and Amir Chetrit — held a token presale to raise $18,439,086 in Ether, funding Ethereum’s present and future developments.

The group also founded the Ethereum Foundation in Switzerland with the mission to maintain and develop the network. Soon after, Buterin announced that the foundation would run as a nonprofit, which caused some co-founders to leave.

Over time, developers came to Ethereum with their own decentralized ideas. In 2016, these users founded The DAO, a democratic group that voted on network changes and proposals. The organization was backed by a smart contract and circumvented the need for a CEO heralding power over Ethereum. Instead, a majority needed to vote on changes for them to be implemented.

However, this all went south when an unknown hacker stole $40 million in funds from The DAO’s holdings due to a security exploit. To reverse the theft, The DAO voted to “hard fork” Ethereum, diverging from the old network and upgrading to a new protocol, essentially undergoing a major software update. This new fork retained the name Ethereum, while the original network exists as Ethereum Classic.

How does Ethereum work?

Like Bitcoin, the Ethereum network exists on thousands of computers worldwide, thanks to users participating as “nodes,” rather than a centralized server. This makes the network decentralized and highly immune to attacks, and essentially unable to go down as a result. If one computer goes down, it doesn’t matter because thousands of others are holding the network up.

Ethereum is essentially a single decentralized system that runs a computer called the Ethereum Virtual Machine (EVM). Each node holds a copy of that computer, meaning that any interactions must be verified so everyone can update their copy.

Network interactions are otherwise considered “transactions” and are stored within blocks on the Ethereum blockchain. Miners validate these blocks before committing them to the network and acting as transaction history or a digital ledger. Mining to verify transactions is known as a proof-of-work (PoW) consensus method. Each block has a unique 64-digit code identifying it. Miners commit their computer power to find that code, proving that it’s unique. Their computer power is “proof” of that work, and miners are rewarded in ETH for their efforts.

Also, like Bitcoin, all Ethereum transactions are entirely public. Miners broadcast completed blocks to the rest of the network, confirming the change and adding the blocks to everyone’s copy of the ledger. Confirmed blocks cannot be tampered with, serving as a perfect history of all network transactions.

But, if miners are paid for their work, where does that ETH come from? Each transaction comes with a fee, called “gas,” which is paid by the user initiating the said transaction. That fee is paid to the miner who validates the transaction, incentivizing future mining and ensuring network security. Gas essentially serves as a limit, restricting the number of actions a user can make per transaction. It’s also in place to prevent network spam.

Because ETH is more of a utility token than a token of value, its supply is infinite. Ether consistently enters circulation in the form of miner rewards, and it will with staking rewards as well once the network moves to proof-of-stake (PoS). In theory, Ether will always be in demand, meaning inflation should never devalue the asset beyond use.

Unfortunately for many, Ethereum gas fees can run quite high based on network activity. This is because a block can only hold so much gas which varies based on transaction types and amounts. As a result, miners will choose transactions with the highest gas fees, meaning users are competing to validate transactions first. This competition pushes fees higher and higher, congesting the network during busy times.

Network congestion is a significant problem, though it’s being addressed in Ethereum 2.0 — a complete overhaul that will be discussed as a separate section.

Interacting with Ethereum requires cryptocurrency, which is stored in a wallet. That wallet connects to DApps, acting as a passport for the Ethereum ecosystem. From there, anyone can purchase items, play games, lend money and do all sorts of activities just as they do on the traditional internet. Only, the traditional web is free to users, as they’re giving away personal information. Centralized entities running websites then sell that data to make money.

Cryptocurrency takes the place of data here, meaning users are free to browse and interact anonymously. This also means DApp use is nondiscriminatory. For example, no lending or banking DApp can reject someone based on their race or financial status. An intermediary can’t block what they consider a “suspicious transaction.” Users control what they do and how they do it, which is why many consider Ethereum to be Web 3.0 — the future of web interaction.

Ethereum’s Price Plummets As FTX Contagion Continues. Here’s What That Means for Investors

Ethereum plummeted alongside stocks and bitcoin late Monday afternoon, falling below $1,100 for the first time in two weeks before recovering slightly. The token’s price sits close to that threshold, as of Monday afternoon.

The crypto world has been on fire (and not in a good way) ever since FTX, previously one of the largest and fastest-growing crypto exchanges in the world, collapsed on Nov. 11. Prices have been highly volatile, susceptible to sudden and steep price drops as the FTX fallout continues. Most recently, worries have mounted over the solvency of Grayscale Bitcoin Trust (GBTC), one of the world’s largest bitcoin funds.

Ethereum’s price started dipping after the long-awaited “merge” was completed on Sept. 15, and the token spent most of October in a steady decline. It was reaching back up to $1,600 before the FTX drama started unraveling.

Aside from the current crash, experts say the source of crypto’s volatility up until now has been surging inflation, shifting U.S. monetary policy, mainstream adoption and the continuing war in Ukraine. Government officials have also continued to show an interest in more crypto regulation and even the possibility of creating a government-issued digital currency.

Conclusion

• In this article we took a look at the prices of different tokens with ETH in the center of them.
• In the last articles we covered the new about the collapse and insolvency of FTX and the side effects it left on the rest of the world of crypto now here we have the price ipmacts.
• ETH is a well known token and it is the main token of Ethereum market and recently, well its better to say not only ETH but all the other tokens have seen better days but in the center of them we have ETH and the heavy downside trend of its price over the last few weeks.
• A lot of people swapped their ETH token recently and as we showed on the beginning of this page, over 90% of the swaps were sell volume and a very large portion of them happened on Nov 9th.
• It is soon to say if the ETH is gonna recover from the disaster, or the other tokens, or not and we still cant say for sure if the current difficult times for the users is on purpose or is it just another momentarily wave of vibrations in the market or not.
• But what we know here is the best way to avoid disasters and loss in savings by choosing a right way to move or swap the currency in our position, and I personally think that the top three currency exchanges that we talked about above which by the way are called; DAPP, CEX and DEX are the safest ways for the people to dodge the current problems and save their money.
• For now everything looks tribble and even the big man, Elon musk himself said that the crypto is going down but still it is soon to judge and in my opinion users should keep their calm and choose their next move with discipline.

Appendix

• Author: Hojjat
• Discord: hojjat7878#8809
• Twitter: @hojjat8d
• Email: hojjat78delshad@gmail.com

Thank you dear ==0xHaM☰d== for codes

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Method

All the charts of this dashboard are made with 6 queries, all the data is for the last 30 days. Some charts will change by selecting the desired token at the top of the dashboard.

The charts of this dashboard are obtained from the following tables: ethereum.core.fact_hourly_token_prices llll algorand.defi.ez_price_pool_balances llll algorand.defi.ez_price_pool_balances llll solana.core.fact_token_prices_hourly

osmosis.core.dim_prices llll ethereum.core.ez_dex_swaps llll algorand.defi.fact_swap llll solana.core.fact_swaps llll ethereum.core.ez_eth_transfers llll ethereum.core.dim_labels