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Ethereum-based assets yield highest returns in 2020

ETH-digital coins have posted year to date gains exceeding 500%.

Ola Olaoluwa
Ola Olaoluwa

With the recent bullish run building in the crypto universe, it is not surprising that ETH-based assets have performed incredibly well.

Data obtained from crypto market data aggregator, Messari, showed the average performance across Ethereum (ETH)-based assets/DeFi assets has been a nearly 129.65% year-to-date (YTD) gain.

The data provides an overview of the 178 assets that currently exist on ETH, totaling a combined market capitalization of $63.7 billion — just shy of 20% of the entire crypto capitalization.

Image Credit: Stock Image

10 ETH-digital coins have posted year to date gains exceeding 500%, including major decentralized finance protocols Network (KNC) and Bancor (BNT).

Recall that about a week ago, Nairametrics exclusively reported how Ethereum miners profited from the surge in fees to an all-time high. On the hourly chart, Nairametrics observed that more than a third of the ETH miner revenue currently comes from fees rather than blocks; up from less than 5% in April.


What Does This mean?

Like many other crypto assets, speculating with Ethereum can be highly profitable and has had a good history of giving its investors huge returns. However, there are also many other options to make income from Ethereum. These options include Ethereum mining, Ethereum faucets, and ETH staking.

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Ola Olaoluwa

Writer | Economist | Actor | Fashion Entrepreneur