Try Quests to earn cryptoAnalyze ETH
Founding (2013–2014)
Ethereum co-founder Vitalik Buterin in 2015
Ethereum was initially described in late 2013 in a white paper by Vitalik Buterin, a programmer and co-founder of Bitcoin Magazine, that described a way to build decentralized applications.
Buterin argued to the Bitcoin Core developers that Bitcoin and blockchain technology could benefit from other applications besides money and that it needed a more robust language for application development that could lead to attaching[clarification needed] real-world assets, such as stocks and property, to the blockchain.
In 2013, Buterin briefly worked with eToro CEO Yoni Assia on the Colored Coins project and drafted its white paper outlining additional use cases for blockchain technology.
However, after failing to gain agreement on how the project should proceed, he proposed the development of a new platform with a more robust scripting language - a Turing-complete programming language - that would eventually become Ethereum.
Methodology
In the review of ==ETH== and ==BTC== prices, we reviewed the ==last 90 days==.
To review ==SWAPs== and ==DEX Platforms==, we conducted a monthly review from the beginning of ==2021==.
The fact_hourly_token_prices table was used to check the price.
The ez_dex_swaps table has been used to analyze ==DEXs== and ==SWAPs==.
ez tables are valuable tables that simplify analysis. Flat tables prepared by the ==FlipsideCrypto== team.
We also had a 7-day review about the Merge week.
ETH - Price Changes
As you can see in the chart below, we checked the price of ETH next to the price of BTC. Our target is the dependence of the price of ETH on BTC. In fact, it can be said that the crypto market has the greatest tendency towards the price of BTC. In reviewing the ==last 90 days==, we came across an interesting point. Prices have trended towards each other for most of the month, and ETH has been highly dependent on the price of BTC. The severity of this dependence can be called regression.
But from ==August 30th== to ==September 7th==, the price of ETH lost its dependence on BTC and moved against its price!
Maybe some Ethereum Maxis consider the reason for this movement to be the tiredness of investors from old Bitcoin, but in the following days, dependence on Bitcoin returned.
DEX Platforms
Various DEXs have been active on Ethereum.
Versions 2 and 3 of ==uniswap== have had extensive activity. In the graph, the percentage of their use is specified as a percentage.
But in ==November 2021==, we will see great statistics from ==uniswap 3==!!!
About ==99.8%== use of UNI3 is considered a big revolution.
Further, UNISWAP has included a large share of SWAPs and other DEXs like ==sushiswap== and ==balancer== have something to say!
==UNISWAP== has been going strong and attracting investors to its platform every month.
ETH - Price Trace in MERGE week
Many investors are concerned about the Merge event and have sold Ethereum, and this has caused its price to drop over the past week.
Maybe they have sold them for fear of losing their capital.
But the success of the Merge event reduced the intensity of the price drop and the price returned to its normal trend.
Conclusion
Ethereum can be examined from different directions and aspects.
But some interesting statistics were raised in this article.
That in a period of time the price of ethereum grew against the price of bitcoin and that uniswap is currently the largest DEX related to the ethereum network.
The pairs of tokens that had the largest swap volume were also examined.
Many analysts predict the price of Ethereum to be much higher than the current price. With the emergence of layer 2, such as Optimism and Arbitrum, there is no longer any criticism of the Gas Fee above Ethereum. They have been able to silence critics in this regard.
Although the war between Bitcoin Maxis and Ethereum Maxis continues, a successful investor is someone who invests rationally and does not necessarily fall into prejudice or emotions.
