Ethereum Processes Over 1 Million Transactions Everyday<\/span><\/h2>\nEthereum shines in the number of daily transactions processed. When writing on September 15, the smart contract platform had processed over 1 million transactions while Bitcoin lagged, confirming less than 600,000. <\/span><\/p>\n
Even at this level, Ethereum has processed less than half of what it did on September 13, when the network processed over 2.3 million transactions. On the other hand, Bitcoin’s daily transactions have been steady, while those of Ethereum have, on average, risen over the past three months, as Artemis Terminal data shows.<\/span><\/p>\n
<\/p>\n
DAA and daily transaction count are important metrics that on-chain analysts use to analyze the level of engagement and health of public blockchains. <\/span><\/p>\n
Over the past 18 months, activity has rapidly shrunk as asset prices fall in the crypto winter. Ethereum’s drop from around $5,000 in late November 2021 to as low as $1,500 in 2022 weighed negatively on DeFi and NFT activity.\u00a0<\/span><\/p>\n
According to DeFiLlama, the total value locked (TVL) of DeFi protocols has\u00a0<\/span>stabilized<\/span>\u00a0below $50 billion, down from around $180 billion in 2021. Meanwhile, trading volume has crashed by over 90%, dragging the value of NFT-related projects, including Immutable X and ApeCoin. To illustrate, APE is down 96% from peaks.<\/span><\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
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