Joseph Lubin Thinks That Ethereum Adoption Is Growing (Despite The Falling Price)

Ethereum (ETH) is the third largest cryptocurrency on the market – and a topic of our today’s crypto news section. The cryptocurrency has been falling in terms of price – but according to its co-creator – it is also growing rapidly.

Joseph Lubin, who is the co-creator of Ethereum and the founder of ConsenSys – a blockchain software studio that houses 1,000 developers – thinks that Ethereum is growing at an exponential rate. As he said:

“Blockchain is more than a market. It’s a movement. Market cap doesn’t reflect (this) activity. Decentralized networks are growing. 10 billion daily API requests served by Infura. 1 million Truffle downloads. 1 million MetaMask downloads. 12,000 live Ethereum nodes. 48 million unique Ethereum addresses. 3 times LinkedIn blockchain job openings.”

The three major products of Ethereum – Truffle, Infura and MetaMask (known as “TIM”) – serve as the backbone of the infrastructure surrounding the asset. As of recently, it was reported that all three blockchain tools achieved major milestones. While MetaMask launched a mobile client, Truffle secured 1 million downloads and Infura surpassed 10 billion requests.

So, despite Ethereum and its struggling performance on the market – in which it lost 92% of its value from the peak on January 13th – the user base of the blockchain protocol has increased and the infrastructure has strengthened quite noticeably.

“I believe in blockchain technology because of the people behind it. The developers, engineers, and technologists who build. The smart contract experts who audit and secure the code. The designers who care deeply about user experience. The marketers who tell the story of Web3,” Lubin concluded.