Ethereum could settle over $8 Trillion worth of transactions this year
The Web 3.0, crypto, and digital asset economies are surging even as the crypto markets themselves crash which now means that it looks like these trends are unstoppable.
Key takeaways
- Outstanding loans in lending platforms also increased by 44% over the quarter, according to Messari’s Q2 2021 DeFi Review.
- Messari adds that the rollout of layer 2 scaling solutions on Ethereum will immensely scale DeFi sectors.
- The digital assets facilitated $1.7 trillion in transactions throughout the quarter, representing an increase of 1,090% year over year and 59% since Q1.
Cite or link to this article
Griffin, M. (2022) 'Ethereum could settle over $8 Trillion worth of transactions this year', 311 Institute, 20 June. Available at: https://www.311institute.com/ethereum-could-settle-over-8-trillion-worth-of-transactions-this-year/ (Accessed: 1 October 2026).
Step back a decade ago and very very few people were talking about crypto or the blockchain, but now in a seeming coming of age for the technologies new numbers from cryptocurrency data firm Messari show the Ethereum network, which is just one of many, settled a staggering $2.5 trillion in financial transactions in the second quarter of 2021.
Messari senior research analyst Ryan Watkin says the number suggests that the blockchain is now on track to hit $8 trillion in transactions, or almost 10% of the global economy by GDP, by the end of the year and added that the surge in demand seems primarily due to a boom in Decentralized Finance (DeFi) and Stablecoins, the latter of which just suffered some major losses ...
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Between April and June, Decentralized Exchange (DEX) volumes, for example, reached $405 billion, marking an amazing increase of 117x year over year and an 83% increase from the first-quarter numbers. Outstanding loans in lending platforms also increased by 44% over the quarter, according to Messari’s Q2 2021 DeFi Review. Messari adds that the rollout of layer 2 scaling solutions on Ethereum will immensely scale DeFi sectors.
“The most anticipated launches of these solutions are optimistic rollups which allow thousands of transactions to be bundled into a single rollup block,” the report says.
Meanwhile, stablecoin market capitalization reached $107 billion in Q2, up by 803% year over year and 70% since Q1. The digital assets facilitated $1.7 trillion in transactions throughout the quarter, representing an increase of 1,090% year over year and 59% since Q1.
FAQ
Why does this matter?
The Web 3.0, crypto, and digital asset economies are surging even as the crypto markets themselves crash which now means that it looks like these trends are unstoppable.
About the author
Matthew Griffin Founder, 311 Institute
Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath."
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Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath." 15-time best selling author of the "Codex of the Future" series, Matthew is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working with royal households, world leaders, G7, G20, and G77 governments, NGOs, and multi-national mid and mega cap firms to help them explore, shape, and lead the next 50 years of business and society.
An award-winning YouTube creator with over a million followers, with an unrivalled global reach and impact, Matthew is a highly sought-after international keynote speaker, lecturer, and mentor who collaborates with global leaders through the United Nations Alliance of Civilizations (UNAOC) and United Nations General Assembly (UNGA) to shape pivotal initiatives such as the UN’s AI for Humanity program, the United Nations Conference of the Parties (UN COP), and the World Economic Forum in Davos.
As the former Global Head of Cloud, National Security, and Enterprise Sales for companies including Atos, Dell-EMC, and IBM, Matthew has a proven track record of building multi-billion dollar business units and turning failing divisions into market leaders. His ability to identify, analyse, and communicate the implications of hundreds of emerging technologies and trends is unparalleled, and his insights are trusted by many of the world’s most respected organisations, including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi, Coca-Cola, Dentons, Deloitte, Dow Jones, EY, Google, KPMG, Lego, Legal & General, LinkedIn, Microsoft, PepsiCo, Qualcomm, RWE, Samsung, Siemens AG and Siemens Energy, T-Mobile, UBS, VISA, Walmart, Workday, Worldpay and many others.
Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.
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Sources and further reading
- Q2 21 defi review messari.io
Source: first published by the 311 Institute on 20 June 2022. Cite as: Griffin, M. (2022). Ethereum could settle over $8 Trillion worth of transactions this year. 311 Institute. https://www.311institute.com/ethereum-could-settle-over-8-trillion-worth-of-transactions-this-year/
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