Ethereum transactions a lot higher than Bitcoin
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Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular
The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest.
According to data from Nasdaq and Ycharts shared on Reddit on Jan. 2, there were 338% more Ethereum transations tha Bitcoin ($408.5 million against $93.1 million)
However, transaction volumes on the Bitcoin network were steadier and more periodic than on Ethereum, which experienced much more volatility in transaction volumes. This was due to spikes in demand at certain times such as NFT launches and other gas-guzzling events such as XEN minting.
Ethereum’s heftier transaction volumes have continued into the new year, with the Ethereum transaction count on Jan. 2 reaching 924,614, a 300% increase compared to Bitcoin’s 229,191 on the same day, according to Bitinfocharts.
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