Ethereum on Track to Become the 1st Blockchain to Settle $1T in a Year

Summary:

The Ethereum network is on track to settle $1 Trillion this yearSuch an amount in a one year period will be a first for any public blockchainEthereum is currently transacting two times more value than Bitcoin on a daily basisThis has been due to the rise of stablecoins on ETH and the DeFi boom of 2020

The Ethereum (ETH) network is on a path to achieve what no other public has achieved by transacting $1 Trillion in value in a span of one year. This means that Ethereum has eclipsed Bitcoin in terms of being the choice platform for payments and on-chain transactions. This feat was captured by the team at Messari and later highlighted by the team at Unfolded via the following tweet.

Ethereum set to become the first public blockchain ever to settle $1 trillion in a year @MessariCrypto pic.twitter.com/xCYmaz0Cc8

— unfolded. (@cryptounfolded) October 23, 2020

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