According to the Bitaizer crypto exchange, Ethereum turned out to be the most profitable digital currency in 2021
According to the Bitaizer crypto exchange, Ethereum turned out to be the most profitable digital currency in 2021.
Analysts of the Bitaizer crypto exchange found out that last year the most profitable digital asset was ethereum (ETH). Investors have profited from this cryptocurrency in the amount of $76.3 billion.
Moreover, many altcoins have shown good performance, but ETH has achieved the greatest success, the researchers stressed.
Bitaizer (bitaizer.com) used data on transactions of investors from different countries. Then the analysts estimated the total profit received by traders during the implementation of transactions and distributed it by jurisdiction.
The USA turned out to be the leaders. Local investors profited from transactions with ETH in the amount of $46.9 billion last year.
Next in the ranking are the United Kingdom and Germany. Bitaizer notes that in some markets cryptocurrencies turned out to be more profitable than other assets.
After the ether, bitcoin follows, investments in which brought a profit of $ 74.7 billion.
According to the authors of the report, investments in digital assets are still fraught with great risks.
However, in general, the cryptosphere is growing. ETH was able to demonstrate good results by improving the attractiveness of the decentralized DeFi financing market.
Recall that the lion’s share of projects deployed in this ecosystem is based on ETH. The cost of funds blocked in DeFi protocols at the end of April is $213.05 billion (according to DeFiLlama).