Ethereum’s Transaction Volume: A New Champion
According to crypto analytics firm Messari, Ethereum has officially taken the crown from Bitcoin when it comes to daily transaction volume. With a staggering $12.3 billion processed over the last 24 hours, Ethereum is now outperforming Bitcoin’s $9.3 billion by a hearty margin of 28%. That’s right, the tables have turned, and Bitcoin enthusiasts may need more than one hand to grasp their dropping positions.
The Great Data Analysis Showdown
On January 19, Ryan Watkins from Messari tweeted about Ethereum’s remarkable performance. He exclaimed that the network’s daily transaction volume is “going parabolic,” which, let’s be honest, sounds about as exciting as a rollercoaster ride in the crypto world. But wait, there’s more! This data excludes non-stablecoin ERC-20 transactions to avoid what we call “double-counting” – a crucial detail because no one likes finding out they accidentally over-bought their crypto snacks.
Tracking the Flippening: Ethereum vs Bitcoin
The so-called Flippening Index by Blockchain Center closely monitors whether Ethereum has overtaken Bitcoin in various metrics. It turns out Ethereum is closing in, sitting at a remarkable 63.5% in
