The price of Ether (ETH) broke the $ 3200 mark, setting a new all-time high.
At the time of publication, the second in terms of capitalizationthe cryptocurrency is trading at $ 3181 with a daily gain of 9%. Since the beginning of the year, the Ethereum rate has risen by more than 300%, and over the past 12 months by 1400%, almost three times higher than Bitcoin (BTC) with its 550%.
The increase in the price of Ether is due to an increase in demand for cryptocurrency due to the development of decentralized finance projects, an increase in transaction volume by 22% since January, as well as the launch of mechanismstransition to the Ethereum 2.0 protocol.
The final version of the second version of the platformwill receive not only a new consensus algorithm (PoS), but also the Sharding sharding function, which will significantly increase the throughput and speed of transaction processing.
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