Introduction

What Is Ethereum (ETH)? Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.

The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.

Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud[1].

Methodology

This Dashboard will check reasons of increasing in ETH price during recent days and for checking this phenomenon I check some major criteria for instance swap factors, transfer to or from Cexs and finally impact of this increase on others Tokens.

Link of My tweet:

Observations

• Uniswap V2 has the highest popularity in terms of swap numbers with about 54% ratio of all swaps and after it Uniswap V3 has second place with about 30% ratio. nevertheless, the highest number of daily swappers belongs to Balancer with about 35.5% ratio of all swappers and after it Uniswap V2 has second place with about 26.5% ratio.
• Uniswap V3 has the highest amount of ETH swap volume with about 66% ratio of all swap volume and after it Uniswap v2 has second place with about 18.5% ratio.
• Totally, ETH has about 26.7M as cumulative Swap numbers of Uniswap V2, and after it Uniswap V3 has about 4.6M swap numbers.
• Balancer has experienced about 73K as Cumulative Swappers number and this protocol has the highest number of swappers and after it Uniswap V2 has second place with about 68K.
• Uniswap V3 has the highest amount of swap volume with about 154B USD and after it Uniswap V2 has second place with about 150.5B USD.

Observations

• ETH price has experienced upward trend during recent days and reach from $1200 into $1560 on 16 Jan.
• Swap from ETH has the biggest ratio of swap numbers with about 57% ratio and Swap to ETH has about 43% ratio.
• Swap from ETH has the biggest ratio of swapper numbers with about 55% ratio and Swap to ETH has about 45% ratio.
• Swap To ETH has the biggest ratio of swap Volume with about 51% ratio and Swap from ETH has about 49% ratio.
• ETH token experienced about 62M swap from ETH and about 50M swap to ETH as cumulative swap numbers.
• ETH token experienced about 351K swappers from ETH and about 309K swap to ETH as cumulative swapper numbers.
• ETH token experienced about 611B USD swap from ETH and about 721.5B USD swap to ETH as cumulative swap Volume.

Observations

• it seems swap has not affect on Price of ETH since swap from ETH has better statistics in all criteria so increasing in ETH price can be cause from hype in Market.

Observations

• Swap To ETH
• Uniswap V2 is the most popular platform that Users swapped their assets to ETH with about 506K swap transactions, and Balancer has about 1.6K Swappers, Uniswap V3 has about 4.2B USD as swap Volume and this platform has about 19.18K USD as average swap volume.
• Swap from ETH
• Uniswap V2 is the most popular platform that Users swapped ETH to another assets with about 725K swap transactions, and Balancer has about 2.8K Swappers, Uniswap V3 has about 4B USD as swap Volume and this platform has about 17K USD as average swap volume.
• NetFlow
• While Uniswap V2, V3 and Sushiswap had positive Netflow, Balancer has Negative Netflow and individuals that used this app tended to sell their ETH.

Key Insights

• in terms of daily transfer transactions to Cex or from them on all days during this period outflow trasnactions (transfer to Cexs) was more than Inflow except on 12 and 14 Jan that on these days inflow transactions was more than outflow.

• in terms of daily transfer Volume to Cex or from them, it did not have clear trend and sometimes inflow was bigger than outflow and sometimes reverse.

• Totally, ETH experienced about 148M as Cumulative inflow transactions while it experienced about 116M as Cumulative outflow transactions. nevertheless, ETH experienced about 849M USD as Cumulative outflow Volume while it experienced about 808M USD as Cumulative inflow transfer volume.

• Count of Days that Netflow of Transfer volume was below zero was more than above zero. 10 days below zero and only 5 days above it.

• Totally, about 50K transfer transactions was transacted as netflow.

• Price of ETH base token has experienced the increase with upward trend of ETH token.

  Abstract: with this criteria it did not seem ETH experienced upward trend maybe this increasing price due to oncreasing price of BTC or market maker decided to end winter market.