CoinDesk is preparing for the invest: ethereum economy virtual event on Oct. 14 with a special series of newsletters focused on Ethereum’s past, present and future. Every day until the event the team behind Blockchain Bites will dive into an aspect of Ethereum that excites or confuses us. Today’s intro is written by CoinDesk research analyst Christine Kim.
This year, 2020, is proving to be wildly successful for Ethereum in terms of market performance and technological development.
Since January, ETH has so far tripled in value, beating out the gains made by the majority of the top crypto assets by trade volume. The only other crypto asset in the CoinDesk 20 that has outperformed ETH in the markets year-to-date is the LINK token, which is based on the Ethereum blockchain.
Source: Coin Metrics, Nomics
A growing number of stablecoins, which are crypto assets that track the value of one or more base assets such as the U.S. dollar,