Ethereum outperformes Bitcoin in daily volume

Bitcoin is bigger than Ethereum in terms of most factors. However, there is one important exception.

Bitcoin is the world's largest cryptocurrency in terms of market value. This figure is just over $692 billion according to Coinmarketcap.
That's more than four times as much as the second on the list, Ethereum, which has a total market value of just over $157 billion.

But if you instead choose to measure the daily transaction volume, Ethereum outperforms Bitcoin by alot. Ethereum passed Bitcoin in this branch already this summer, and now it has really taken off.

Figures first shared on Twitter by Ryan Watkins, a researcher at cryptographic analysis firm Messari, show that the value of daily transactions over the Ethereum network is $12.3 billion. That is three billion dollars more than the corresponding figure for Bitcoin.

It is also important to note that non-stable cryptocurrencies based on ethereum's blockchain, such as uniswap, are not included in the statistics. It is on the other hand ethereal-based stack coins, writes Cointelegraph.

So what does this tell us? Probably that Ethereum has a large userbase that are building and using the network and people probably have big faith in the Ethereum 2.0 will solve many off the problems existing today.

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