The fundamentals

It’s easy to get lost in the volatile price action of bitcoin and other digital assets. However, it’s important to keep your eyes on the fundamentals first.

Despite our recent bear market, both bitcoin and ethereum are showing strong growth in its metrics.

Here is an excellent example from Jameson Lopp, CTO of CasaHODL:

Another metric I’d like to bring out is the ethereum network utilization; a blockchain for running decentralized applications.

As I’m writing this post, the capacity sits at 93%.

It will be interesting to observe the ETH 1.0 transition to ETH 2.0, which should increase the network’s capacity by 1000x.