The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year.??
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The third-quarter decentralized finance boom has resulted in the Ethereum (ETH) network processing more than twice the daily transaction volume of Bitcoin (BTC).
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According to crypto market data aggregator Messari, the 30-day rolling daily average for Ethereum transaction volume is currently $7 billion, with Bitcoin processing less than $3 billion.??
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If the current trend continues, Messari predicts Ethereum will become the first public blockchain to settle $1 trillion in transfers over a calendar year.
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Ethereum’s previous strongest calendar year relative to Bitcoin was 2018, when it processed half a billion in volume, which was 59% as much as Bitcoin’s $849 million that year.
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Bitcoin is on-track for its second-strongest year behind 2018, projected to process $800 million.
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Source: Cointelegraph
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