- A16z stated that overwhelming shares of Ethereum assists explaining why its users are inclined to pay over $15 Million in fees to utilize the blockchain.
- Outside of Ethereum, report concentrates on topics like stablecoins, decentralized finance (DeFi), cryptocurrency adoption rates and Web3 development.
- As per the report by Andreessen Horowitz, Ethereum maintains 5.5 Million addresses that are responsible for 1.1 Million routing transactions.
Unmatched Demand and Development On Ethereum
A16z Crypto venture fund mammoth has pointed out that demand and development on the blockchain of Ethereum are “unmatched” in spite of escalated transaction fees on network.
The organization does warns, however, that its “popularity is a double edged sword,” given that Ethereum focuses primarily on decentralization over scaling, giving rise to contending blockchains snatching market share with pledges of reduced fees and improved performance.
Outside of Ethereum, report concentrates on topics like stablecoins, DeFi, crypto adoption rates and Web3 development.
Source: https://www.thecoinrepublic.com/2022/05/20/a16z-considers-popularity-of-ethereum-as-double-edged-sword/