Blockchain technology — and Ethereum in particular — has gained international attention and traction since its release in 2015. In particular, late 2017 and early 2018 saw a massive increase in popular attention due to rapid price increases across the entire crypto-asset ecosystem. In two years, the word “Ethereum” has been included in over 110 million Google searches. The hashtag #ethereum is tweeted, on average, 20,000 times a day.
But what has this gradual and acute increase in attention meant for the Ethereum network as a whole? If we pull back the curtain of the much-discussed price of ether, what is happening on the Ethereum network? Let’s take a look.
Looking at the Figures: Blockchain Activity
Since its inception, the network has processed nearly 240 million transactions. At its height on January 4, the network processed 1.3 million transactions in 24 hours.