Messari: Ethereum is expected to become the first public chain with an annual settlement of over $1 trillion

Editor's Note: This article comes fromBabbitt Information (ID: bitcoin8btc), Author: SAMUEL HAIG, Compiler: Overnight's Porridge, published with permission.

Editor's Note: This article comes from

Babbitt Information (ID: bitcoin8btc)

Babbitt Information (ID: bitcoin8btc)

, Author: SAMUEL HAIG, Compiler: Overnight's Porridge, published with permission.

News on October 23, according to the latest report released by the cryptocurrency data provider Messari, the transaction volume processed by the Ethereum network has more than doubled that of the Bitcoin network recently, and the overall transaction volume of the Ethereum network is expected to exceed 1 trillion this year. Dollar.

Analysis shows that the decentralized finance (DeFi) boom in the third quarter has led to a sharp surge in the transaction volume processed by the Ethereum (ETH) network. In the past 30 days, the Ethereum network has processed an average daily transaction volume of 7 billion US dollars, while Bitcoin The average daily transaction volume of the network is less than $3 billion.

In the last big bull market, the Bitcoin network recorded the highest annual transaction volume of 849 billion US dollars. If the current trend continues, Messari predicts that Ethereum will become the first public block to process 1 trillion US dollars in transaction volume in a year. chain.

Of course, this is not a direct comparison between the two major blockchains. With the DeFi bubble mainly taking place on Ethereum-powered smart contracts, the Ethereum network now handles almost the entire transaction volume of the DeFi space, while the Bitcoin network does. Mainly responsible for the value transfer of BTC.