Ethereum Tops Crypto Market Gains in 2021 With a Whooping $76.3 Billion

As for total estimated gains by asset, ethereum is the winner, followed by bitcoin, which it just managed to beat. Globally, the total realized gains of ethereum was $76.3 billion, and bitcoin’s was $74.7 billion. Chainalysis marks DeFi as being one reason why ethereum fared better.

The report ends with Chainalysis noting that there are still risks in the market that need to be mitigated, though the analysis of crypto gains points to an overall growth of the crypto market.

Ethereum May Rise Even Further

Ethereum has had a good 12 months as a result of development and the DeFi market’s growth. The asset has been at the heart of some of the hottest developments in the space.

But the future maybe even brighter for ethereum as more technical upgrades are expected to arrive soon. The network integrated the merge with Kiln testnet earlier this year, and integration with the mainnet is expected by the end of 2022. Former BitMEX CEO Arthur Hayes has said that ETH could rise to $10K.

DeFi, NFTs, and P2E games are all also contributing to the Ethereum network’s growth. Naturally, the Ethereum Foundation is also a strong believer in ethereum’s potential, revealing recently that ETH accounted for 80% of its 1.61 billion treasury fund. Putting so much of its treasury into one asset showcases strong conviction — and in its own asset, no less.

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