Ethereum Pledges: A Comprehensive Overview

On April 13th, according to Nansen data, the current total number of Ethereum pledges is 18168039, and the circulation supply of Ethereum is 120437016, with a total pledge rate of 15.09%. The average price of Ethereum pledge is $2134.

The average pledge price of Ethereum is $2134

Ethereum has become a leading cryptocurrency platform in recent years, attracting investors across the world. According to recent Nansen data, the total number of Ethereum pledges as of April 13th is 18,168,039, with a circulation supply of 120,437,016. The total pledge rate stands at 15.09%, with an average price of $2,134. In this article, we’ll take a closer look at Ethereum pledges and understand their significance in the crypto market.

What Are Ethereum Pledges?

Ethereum pledges refer to the amount of Ethereum that has been pledged for the use of decentralized applications (dApps) built on the Ethereum platform. Developers can create their own dApps using Ethereum blockchain, and investors can pledge their Ether to fund the dApp’s development. This process is known as pledging.

How are Ethereum Pledges Significant?

Ethereum pledges are a critical metric for determining the success of dApps on the Ethereum blockchain. The higher the number of pledges, the more likely it is that the dApp will be successfully funded and developed. It also implies that the dApp has a solid user base interested in its success. Additionally, the pledge rate and value of Ethereum can also provide insights into the confidence investors have in Ethereum’s future.

Ethereum Pledge Rate

The Ethereum pledge rate is the ratio of total Ethereum pledged to the circulating supply of Ethereum. As of April 13th, the pledge rate stood at 15.09%. This rate signifies that about 15% of the total Ethereum in circulation has been distributed to dApps. Moreover, a higher pledge rate denotes higher investor confidence in Ethereum’s value and the possibilities of dApps built on the Ethereum platform.

The Average Price of Ethereum Pledge

The average price of Ethereum pledge is an important metric for investors. As of April 13th, Ethereum’s average pledge price was $2,134. This value denotes the average cost at which Ethereum is pledged for dApps on the Ethereum blockchain. A higher average pledge price indicates investors’ faith in Ethereum’s future price and potential growth.

Conclusion

Ethereum pledges are a crucial factor that determines the success of dApps on the Ethereum blockchain. The higher the number of pledges, the more likely it is that dApps will be fully funded and developed. A higher pledge rate and average pledge price denote higher investor confidence in Ethereum’s value and future potential.

FAQs

Q1. What is Ethereum Pledge Rate?
Ans: Ethereum pledge rate is the ratio of total Ethereum pledged to the circulating supply of Ethereum.
Q2. Who can Pledge Ethereum?
Ans: Investors interested in funding the development of decentralized applications built on the Ethereum blockchain can pledge Ethereum.
Q3. What is the significance of average pledge price?
Ans: The average price of Ethereum pledge denotes the average cost at which Ethereum is pledged for dApps on the Ethereum blockchain. It indicates the level of investor confidence in Ethereum’s future price and potential growth.