In the first half of 221, the transaction volume of Ethereum (ETH) surged by more than 14%, reaching 1.4 trillion US dollars, while the transaction volume of Bitcoin (BTC) increased by 489%, reaching 2.1 trillion US dollars.

in the first half of 221, the transaction volume of Ethereum (ETH) surged by more than 14%, reaching 1.4 trillion US dollars, while the transaction volume of Bitcoin (BTC) increased by 489%, reaching 2.1 trillion US dollars.

ETH beat BTC

Coin for the first time to obtain data from 2 trading places and released a report, which pointed out that in the first six months of 221, the transaction volume of Ethereum surged by 14.61%. Its total climbed to 1.4 trillion US dollars, compared with 92 billion US dollars in the first half of 22. At the same time, Bitcoin recorded a growth of 489%, and its transaction volume reached 2.1 trillion US dollars.

Coin's report pointed out: "Many of our largest institutional clients, including hedge funds, endowment funds and enterprises, increased their initial exposure to ETH in the first half of the year, believing that this asset has the same long-term durability as BTC and plays a unique role in their portfolios."

The study also revealed the total market value of the first half of 221. At the beginning of this year, the market started at $769 billion and soared to $2.4 trillion in May. Then, by the end of the six-month period, it dropped to $1.4 trillion.

the biggest profit of bitcoin was in the first few months of 221, and its price reached an all-time high (ATH) until April. On the contrary, Ethereum gained the most in May 221, when its value exceeded $4,.

can eth become the largest cryptocurrency?

whether ethereum can surpass bitcoin and become a leading digital asset has been a hot topic in the past few years.

At the beginning of May this year, Mark Cuban, the billionaire owner of Dallas Mavericks, also joined the debate, and gave three reasons why he thought ETH would eventually surpass BTC: Ethereum's network can handle more transactions per second, and it is a platform for building a "financial future". Compared with bitcoin, it also has a higher utilization rate.

In addition, Mike Novogratz, a famous investor, also expressed his views on this matter. The famous cryptocurrency bull hinted that it is possible that Ethereum overtook Bitcoin because the network behind the second largest cryptocurrency is expanding rapidly. However, he outlined the characteristics of these two digital assets, and predicted that BTC would be the digital version of gold, while ETH would have completely different uses.

Today's market:

ETH

BCH

Taizi continued to consolidate during the day, and the daily level support moved up slowly, but many rebounds did not break the upper suppression, so it is not recommended to follow blindly in operation, and we are considering following the trend while waiting for the position to be broken steadily. The upper suppression is at the 52 line, and the price is expected to progress to near 54 after breaking through the stabilization. Please be prepared. Short-term maintenance in the 519-498 regional consolidation, see the opportunity to grasp a wave of interval income. # Bitcoin [Chaohua] # # Ouyi OKEx# # digital currency #