Coinbase data shows that the growth rate of Ethereum’s transaction volume in the first half of this year surpassed that of Bitcoin for the first time. At present, from the perspective of transaction volume, Ethereum is indeed more active.
According to data from Coinbase, the largest cryptocurrency exchange in the United States, in the first half of this year, the growth rate of Ethereum’s transaction volume surpassed that of Bitcoin for the first time.
Data from 20 major global cryptocurrency exchanges recorded by Coinbase shows that in the first half of this year, the total Bitcoin transaction volume reached 2.1 trillion US dollars, an increase of 489% from the 356 billion US dollars in the same period last year; while the total transaction volume of Ethereum Reached 1.4 trillion U.S. dollars, an increase of 1461% from 92 billion U.S. dollars in the same period last year.
Wall Street reports mentioned earlier that in May of this year, the weekly trading volume of Ethereum options surpassed Bitcoin for the first time.
Unlike Bitcoin, which has a limited total amount and is mainly used for value storage, the total amount of Ethereum issued is unknown, and smart contracts can be executed. Since the prosperous development of blockchain projects, Ethereum has always been the most used public blockchain platform among Defi (decentralized finance) and Dapp (decentralized applications).
According to CoinMarketCap, the current total market value of Bitcoin is about 2.8 times that of Ethereum, but the trading volume in the past 24 hours is only 1.6 times that of Ethereum, indicating that the current transaction volume of Ethereum is indeed more active than the former.
As of this writing, Ethereum is currently reported at $2307.5; Bitcoin is currently reported at $39,819.
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