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- The Co-founder of Ethereum, Vitalik Buterin, toured back in Twitter to recall some of the achievements made in the past year. Vitalik enlists several projects that have confirmed the continued growth of Ethereum since 2017.
- Since 2017, the value and number of Ethereum based decentralized finance applications have been achieved to an incredible peak.
- The other level that is observing increased innovation and development is the zero-knowledge rollups.
The crypto industry has experienced one of its fastest-growing periods from the past three years. Beating an unexpected price from December 2017 till January 2018, Ethereum has witnessed rapid growth in the community and development.
Vitalik enlist projects that confirmed the growth of Ethereum since 2017
The Co-founder of Ethereum, Vitalik Buterin, toured back in Twitter to recall some of the achievements made in the past year. Vitalik enlists several projects that have confirmed the continued growth of Ethereum since 2017.
Maker, Uniswap, zero-knowledge (ZK) rollups and PoS testnets have made the deductions. However, Vitalik requested the ventures not to miss their progression in development or risk a catch-up from other projects.
Things Ethereum has in 2020 that it did not in 2017:
* Uniswap
* https://t.co/wwBUgU78ob
* Status
* MakerDAO
* ZK Rollups (eg. Loopring), >2k TPS capacity
* PoS testnets
* Uncle rates < 10% with 10m gas blocks
* Gitcoin grantsMove the goalposts faster, or else we'll catch up!
— vitalik.eth (@VitalikButerin) March 27, 2020
The Ethereum network’s had accomplished to unbelievable heights in 2017. From its peak to $1, 400 during the present time, there may be a point of argument but the gradual growth on the network even during late in 2018, it can be assumed that ETH’s best years were remarkably uptrend.
Since 2017, the value and number of Ethereum based decentralized finance applications have been achieved to an incredible peak. During that time Defi products like Maker, Synthetix, and Uniswap clutched over $1 billion USD in assets.
In October 2017, they held a noble growth of $5 USD. Currently, the total value of Defi products stands at $624 million USD.
The other level that is observing increased innovation and development is the zero-knowledge rollups. These are the second layer solution to uplift the scalability of ETH. From the past three years, ZK-rollups namely Loopring can test over 2000 transactions per second, which is a big jump from 7-15 tps Ethereum completes.
The greatest achievement of Ethereum in the past three years has to be stable coins like Tether (USDT). Currently, the value of the stable coins on the Ethereum blockchain is above $4.5 billion. Whereas, USDT succeeding with $ 4.1 billion. The counts of stable coins on ETH have increased from 10 at the beginning to over 50 currently.
Ethereum in 2020
At the commencement of 2020, Vitalik assured the community that the network is much tougher between the failed launch of ETH 2.0. The Ethereum PoS is all set to be completed this year aiming for the second-largest crypto of the era.
