Ethereum remains the second largest crypto asset based on its coin (ETH) daily trade volume. However, the Ethereum blockchain has its own unique use cases compared to the bitcoin ecosystem.
While Bitcoin is mostly associated with not being affected by inflation, Ethereum, on one hand, makes use of blockchain at the digital protocol level.
Recently, Ycharts and Nasdaq released a report on Bitcoin vs Ethereum transactions. The report showed that there were more transactions on the Ethereum network (408.5 million) compared to Bitcoin (93.1 million).
The report also noted that demand for NFTs spurred ups & downs for Ethereum transaction volume.
Furthermore, the report stated that for the transaction’s count last day, Bitcoin had 229,191, while Ethereum’s count (924,614) was superior by 300%.
Another report from Bitinfocharts indicates that Bitcoin lagged Ethereum with respect to transaction volume. It should however be noted that Ethereum pulled weight here owing to its layer-2 scaling network and other Crypto networks
Meanwhile, another report ranked Bitcoin as the most popular crypto asset globally. According to the report, in 2022, people searched for Bitcoin 28.4 million in a month.
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