Ethereum (ETH) Transaction Numbers Go Parabolic, 3x of Ripple's XRP Coin

Ethereum (ETH) Transaction Numbers Are on the Rise

On July 17th, it was noted that the total number of Ethereum transactions executed successfully stood at 701,292. After taking a closer look at the other blockchain, it was noted that this number was more than three times the numbers transacted by the other cryptocurrencies.

Past Transactions

Bitcoin stood at 233,807 and XRP at 513,450. In the last few months, XRP and Ethereum have been seen to change places when it came to the total number of transactions that had been executed. As of October last year, XRP had maintained a very wide margin over Ethereum.

This occurred when XRP managed to clock more than 900,000 transactions, compared to Bitcoins’ 203, 523 and Ethereums’ 283,871. However, this position started to change gradually in December when Ethereum started to slowly edge XRP out.

It was at this point that the two started to swap the number one and two positions. Transaction volume is normally used to indicate adoption and utility. It can also provide a glimpse into how crypto users are choosing to use the various cryptocurrencies and blockchain platforms.

For instance, bitcoin is one of the most established digital assets in the cryptocurrency world. Like gold, the cryptocurrency is able to store value due to the limited nature of its supply, as well as status as being the first and longest-running blockchain-based platform.

But this is something that is likely going to change in the near future. As users start to adopt the newer cryptocurrencies and blockchain platforms such as Ethereum and XRP, bitcoin may lose its foothold in the crypto market, although not with a wide margin.

Another factor that is likely going to cause a shift in the crypto market dynamics will be the evolution of what is termed as the Lightning Network. This is a scaling solution that has been designed to make it easier for consumers to use bitcoin. It will make using bitcoin as easy as using traditional cash.

Current Status

Ethereum is currently leading the crypto market despite the fact that it has been experiencing a number of network clogs in the last few weeks. These are clogs that have made the execution of transactions slower and has led to some people making accusations claiming that there were people trying to deliberately jam the Ethereum network.

The platform has been consistent in maintaining a high transactional volume thanks to its ability to utilize decentralized web systems and applications. To-date, Ethereum has been able to host close to 1,700 decentralized applications on its blockchain.

These applications have an estimated sum of 100,500 token contracts, this is according to data provided by Etherscan. The total number of decentralized applications being hosted on the Ethereum network have continued to increase after the departure of Augur, EOS, and Tron, among other networks that have gone on to introduce their own mainnets in a bid to create their own ecosystems, which will make it possible for them to tackle security and scalability.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


  1. I don't believe those are accurate statistics:
    First, what types of transactions are you talking about? If you are talking simply of the asset changing hands I believe XRP has $236 billion in 24 hours alone (approx. 470 billion XRP). Ledgers successfully closed 40 million. I believe this article is seriously flawed. Please read with caution.


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Deregulating Bitcoin May Increase Speculative Trading Instead of Technical Innovation: Japan’s New Top Financial Regulator

Ryozo Himino, the new top financial regulator of Japan, wants the country to take caution over promoting digital assets, arguing that instead of promoting...

Goldman Sachs New Digital Asset Manager Reveals Plans to Bring A ‘Digital Token' to the Bank

U.S. financial giant Goldman Sachs is pushing forward its plans to launch a digital asset with the appointment of its new digital asset...

Grayscale Ethereum Trust Files with SEC to Halve the ETHE Locking Period Same as GBTC

Grayscale Investments has publicly filed a registration statement on Form 10 with the US Securities and Exchange Commission (SEC) on behalf of its Ethereum...

Florida Teenager Behind the Infamous Crypto Twitter Hack Pleads Not Guilty to 30 Counts of Fraud

Graham Ivan Clark, the 17-year old Florida teenager accused of being the main culprit of the most significant privacy breach in Twitter’s history, has...

Bitmain’s Management Feud Is Finally Affecting Business Operations; AntMiners Shipments Delayed

Bitmain’s top-level struggles cause a three-month delay in Antminer hardware. Two mutually exclusive solutions offered to customers. The constant wrangling within the largest Bitcoin...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today