13/08/2021 Coinbase says Ethereum volume tops Bitcoin as DeFi, NFTs gain popularity

Ethereum accounted for 26% of Coinbase volume in second quarter

Ethereum was the most traded cryptocurrency on the Coinbase exchange during the three months through June, as investors explored the world of decentralized finance.

Ticker Security Last Change Change %
COIN COINBASE GLOBAL, INC. 256.50 -21.90 -7.87%

Ethereum, the second-largest cryptocurrency by market capitalization, was responsible for 26% of the trading volume on Coinbase, compared to 24% for Bitcoin. A year ago, Bitcoin commanded 57% of total volume on the platform versus 15% for Ethereum. 

Total trading volume during the second quarter was $462 billion, up 1,550% from $28 billion a year ago. 

"Bitcoin may be a great store of wealth but most of the innovation that's happening in the crypto space right now is happening on the Ethereum blockchain," said Mati Greenspan, CEO of Quantum Economics, a Tel Aviv-based project aimed at helping people understand financial markets.

The Ethereum blockchain is used for both decentralized finance and non-fungible tokens, two applications that have recently taken the crypto world by storm.

Decentralized finance, or DeFi, does not rely on banks or other financial intermediaries to offer financial instruments, and instead uses the blockchain, most commonly Ethereum. 

A non-fungible token, or NFT, is a unit of data stored on the blockchain that says a digital asset is unique and cannot be replicated. This includes art, music and other types of digital files.

The interest in DeFi and NFTs has helped boost Ethereum’s price by 344% this year to $3,240 a token, giving the cryptocurrency a market capitalization of $380 billion, according to CoinMarketCap.com.

Bitcoin’s price, meanwhile, has climbed 58% this year to $46,490 a coin. Its market cap was more than $871 billion. 



Interesting NFTs
Inner fountain
I'm connected to an infinite source of creative energy. Digital painting - Gif
conceptual art. post on cent.
CryptoPunk #8857
The CryptoPunks are 10,000 uniquely generated characters. No two are exactly alike, and each one of them can be officially owned by a single person on the Ethereum blockchain. Originally, they could be claimed for free by anybody with an Ethereum wallet, but all 10,000 were quickly claimed. Now they must be purchased from someone via the marketplace that's also embedded in the blockchain.
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole
Her Mind Had Gone Out For A Stroll & Fallen Down The Rabbit Hole' is the first programmable piece of art by Kitty Bast. The owner constructs, modifies & tattoos their very own Doll Lady... Is she falling down a rabbit hole, lost in a sea of cats or gazing into the unknown void? Do you like Pink Ladies or Lilac Ladies? Or do you pick the Wild Card? There's always a wild side to an innocent doll face. Is she obsessed with crypto ponies or crypto kitties? Or does she have an insatiable desire for Mr. Honey Badger. Come inside and have a nice cup of NFTea with the bunnies. Is your lady chained to the blockhain? Does your lady shed Bitcoin tears or ETH tears? Does your doll face don a Rotten Heart? Do you HODL to the Moon to meet the ETH Kitty? Do you have an obsession for cyborgs or Puddin'? Would you like a slice of Death by Pink? Is The Cat's Eye green or golden? Little trolls with mini daggers not included. The cheshire cat might trade you his ears for your goggles. Modifications of the Host. How long is forever? Sometimes, just one second.
Enhanced Interrogation
Continuing the exploration of well known algorithms, this work delves into pixel sorting. The works of several cubists were first averaged with custom averaging software and then sorted with a bespoke pixel sorting algorithm. All tools were written in javascript, for masochistic reasons.