Ether Price Dropped, But Ethereum Growing Rapidly With dApp Adoption

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Martin Köppelmann, the founder of Ethereum-based prediction market platform Gnosis, said that despite the decline in the price of Ether, the Ethereum network is growing rapidly. According to Köppelmann, the most important metric to consider in analyzing the growth of Ethereum is the performance of decentralized applications (dApps) and the interconnectedness of dApps on the blockchain. Ethereum is Blooming In an official blog post, Köppelmann said that the drop in the value of Ether from $1,500 to $300 is a non-issue as long as the open-source developer and dApp community continues to demonstrate progress in scaling, adoption, and development. Köppelmann further noted that the price of Ether will follow the usage of the Ethereum protocol and dApps, and if the network effect of dApps consistently increases in the long-term, the price trend of Ether will reflect the rapid rate of adoption of dApps. Köppelmann said, “The numbers we care