ETHEREUM BEATS BITCOIN FOR VOLUME TRADING GROWTH
Recent date by Coinbase also found that trading volumes for Ethereum reached $1.4trillion in the first half of 2021 – an increase of 1,461% compared to the same period in 2020.
In comparison, $2.1trillion worth of Bitcoin was traded – a lower increase of 489%.
Mr Peters said: “It’s the first time Ethereum has beaten Bitcoin for trading volume growth in a sustained period.
“At the same point in their life cycles – six years in, Bitcoin had a market cap of around $5billion, whereas Ethereum has a current market cap of $300billion.
“So, you could argue that Ethereum is growing at a much faster pace.
“That being said, with a nearly $37,000 price difference, it still has a long way to go to catch up.”