According to data disclosed by digital asset and encrypted ETP provider 21Shares on social media recently, Ethereum is still the leader of the Layer 1 blockchain, currently accounting for 70% of the DeFi market share and 54% of the NFT market share.
In the first quarter of 2023, the transaction volume processed on the Ethereum chain is close to the payment giant Visa. Data show that the settlement amount of Ethereum reached 3.01 trillion U.S. dollars in the last quarter, while the settlement amount of Visa was 3.08 trillion U.S. dollars.
The merger dramatically changed Ethereum’s monetary policy, reducing daily issuance by more than 88%. Meanwhile, EIP-1559 has burned more than 3.3 million ETH (worth $6 billion).