Ethereum’s hash rate is up 27% this year as network utility rocketsBTC $9722 (-0.7%) • ETH $242 (+0.4%) • XRP $0.20 (-0.3%)
Ethereum has seen booming network utility throughout 2020. The blockchain has seen heightened stablecoin issuance and a growing influx of finds into various ETH-based DeFi initiatives. The utility growth Ethereum has seen over the past five months has led ETH to see booming demand, as more investors begin recognizing its growing potential. This has also coincided with a massive rise in the cryptocurrency’s hash rate – which has climbed by just under 27 percent since the start of the year.
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Ethereum’s hash rate is up 27% this year as network utility rockets