Ethereum’s busy November reflects a period of massive growth for the blockchain. The total transaction fees surged from $321m in Q3 2020 to $1.96bn in Q3 2021, according to analyst Ben Giove’s Bankless newsletter. The total transaction value also grew, reaching $536.48bn in Q3 2021, a year-on-year increase of 398%.
December presented new challenges for ethereum however, seeing lows of $3,628 on 29 December 2021. However, Coinbase executive and chief product officer Surojit Chatterjee says major Ethereum scaling improvements are coming soon and the blockchain will see substantial growth over 2022.
December presented new challenges for ethereum however, seeing lows of $3,628 on 29 December 2021. However, Coinbase executive and chief product officer Surojit Chatterjee says major Ethereum scaling improvements are coming soon and the blockchain will see substantial growth over 2022.