The Ethereum network eclipsed Bitcoin in regards to total transaction volume last year, though the king of crypto has actually managed to maintain its crown when it comes to online search interest.According to data from Nasdaq and Ycharts shared on Reddit on Jan. 2, Ethereum had 338%more total deal volume in 2022(408.5 million)than the Bitcoin network (93.1 million). ETH vs BTC deal volumes-Nasdaq/Ycharts
Ethereum , which experienced far more volatility in deal 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 actually continued into the new year, with the Ethereum deal count on Jan. 2 reaching 924,614, a 300%boost compared to Bitcoin’s 229,191 on the exact same day, according to Bitinfocharts. ETH vs BTC deal
volumes– Bitinfocharts The expert who posted the metrics said he was “doubtful about people saying that a flippening could occur someday, “including that those promoting for it have reason to do so now.A flippening occurs when one chain exceeds a
![b7b97eff-5405-4bf9-88d8-5a607a88bbc1 Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular](https://i0.wp.com/pandoraland.info/wp-content/uploads/2023/01/b7b97eff-5405-4bf9-88d8-5a607a88bbc1.jpg?w=640&ssl=1)
, transactions and activity. The charts likewise do not consist of layer 2 transactions which would put Ethereum even further ahead of Bitcoin for this metric. According to L2beat, the variety of L2 deals per
second(TPS)actually surpassed those on layer 1 Ethereum in mid-October and has actually stayed above it ever since.Related: Why the fight for low or no transaction fees really matters However, while Ethereum might be ahead in deal and activity terms, Bitcoin stays the most searched cryptocurrency online. On Jan. 1, a newsletter from”In Bitcoin We Trust” exposed that BTC attracted the most attention on the Google online search engine in 2022, with 28.4 million month-to-month Google searches across the world.The report concurred with Pandoraland which exposed that Ethereum did not make 2nd or perhaps third location for search popularity. These spots were inhabited by meme coins Shiba Inu(SHIB)and Dogecoin(DOGE)respectively.Ethereum, in fourth place, had 3.8 million worldwide month-to-month searches according to the data.
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