Both the aggregated network hashrate and the staked Ethereum (ETH) value increased by 111 percent in comparison to the first quarter of 2021. Participants in the Ethereum (ETH) network raised $2.48 billion in fees, up from $1.7 billion a year ago.
Due to the deployment of EIP-1559, the Ethereum (ETH) network lost $2.17 billion in equivalent, resulting in a 54 percent decrease in the inflation rate.
The non-fungible tokens (NFTs) group, on the other hand, has the most astounding data. From $0.6 billion to $116 billion, net trade volume increased by more than 19,200%.The floor price of CryptoPunks has increased more than sixfold.
A number of records were also printed as a result of decentralised exchange trading. The net volume of perpetual contracts traded on Ethereum-based DEXes increased by more than 2,700%, while spot trading volume increased by 667%.
The total volume of assets locked (TVL) across Ethereum-based Layer 2 solutions, including Arbitrum and Optimism, increased by 964 percent.
Arbitrum generated $9.4 million in revenue, while Optimism earned $5.7 million in the first quarter of 2022.
Read more: MetaMask joins hand with Moonpay to offer Ethereum in crypto wallet by using fiat currency
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