ETH Leapfrogs BTC by 338% in the Number of Transactions

Ethereum has just surpassed Bitcoin by a margin of 338% in total transactions.
ETH exhibited a greater degree of volatility.
There were a total of $408,541,610 worth of Ethereum transactions.

Recent on-chain measurements indicate that Ethereum has just surpassed Bitcoin by a margin of 338%, garnering it the status of having the biggest number of transactions. By the end of the year 2022, this has been brought up to date. When their respective performance charts are compared, it is easy to see the difference.

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The figures that are shown on the chart are in millions of different transactions. The daily transaction volume for ETH was an average of 1,119,292, while the daily volume for BTC was 255,086.

In addition to this, it is important to note that Bitcoin transactions followed a certain pattern of periodicity. This was however not as anticipated by experts. On the other side, ETH exhibited a greater degree of volatility in relation to this subject. This should not come as a surprise given that there are NFTs and other types of smart contracts being used there.

The following is a breakdown of the actual monetary sums exchanged. There were a total of $408,541,610 worth of Ethereum transactions. On the other side, the biggest cryptocurrency pair saw a total of 93,106,378 transactions.

As a consequence of this, industry professionals feel that Ethereum is more likely to be adopted because of the growing number of use cases that it already has. This was to be expected, despite the fact that a 338% increase was far larger than predicted.

It is now abundantly evident that those who advocate for Ethereum do in fact have some foundation that allows them to say so. This assertion was first met with skepticism by industry professionals, who believed that it was unlikely such a flipping would ever take place.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.