The majority of Ethereum users hold the world’s second most popular crypto-currency for investment purposes.. Between 1 and 4 November, it surveyed 1 225 Ethereum adopters to find out how they spend their coins and how many transactions per month they send.”, which took place on 15 September with shifting Ethereum’s existing proof-of-world consensus mechanism to a proof-of-stake model.
According to the firm, the vast majority of Ethereum holders are not actively trading or using their crypto very often, as 72.9% of them send no or less than 10 transactions a month. Interestingly, Sandler notes, 389 of all people, or a little over 30%, say they don’t send any transactions.“Although experts point out that crypto isn’t ideal for investment due to its high volatility, many people still hold Ether as an investment. This group of people hope to profit from the rise in price after a certain period of time,” Sandler says.
For many people, it says, its utility as an actual method for payments is obvious and they usually prefer to use it for paying for hosting, domain names, different IT services or to pay freelancers for work.“Many of the crypto-currency’s proponents use Ethereum to buy NFTs since they are usually held on the Ethereum blockchain,” says Sandler.