{"id":534212,"date":"2023-01-03T07:15:09","date_gmt":"2023-01-03T04:15:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-transactions-338-higher-in-2022-but-bitcoin-remains-most-popular\/"},"modified":"2023-01-03T07:15:09","modified_gmt":"2023-01-03T04:15:09","slug":"ethereum-transactions-338-higher-in-2022-but-bitcoin-remains-most-popular","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-transactions-338-higher-in-2022-but-bitcoin-remains-most-popular\/","title":{"rendered":"# Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40762dea97a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40762dea97a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-transactions-338-higher-in-2022-but-bitcoin-remains-most-popular\/#%E2%80%9D_Ethereum_transactions_338_higher_in_2022_but_Bitcoin_remains_most_popular_%E2%80%9C\" >&#8221; Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Ethereum_transactions_338_higher_in_2022_but_Bitcoin_remains_most_popular_%E2%80%9C\"><\/span>&#8221; Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-6ed77c39>The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest.<\/p>\n<p>According to data from Nasdaq and Ycharts shared on<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/old.reddit.com\/r\/CryptoCurrency\/comments\/101hnkr\/ethereum_outperformed_bitcoin_by_338_in_number_of\/\"> Reddit<\/a> on Jan. 2, Ethereum had 338% more total transaction volume in 2022 (408.5 million) than the Bitcoin network (93.1 million).<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/d7e73274-4b5d-49b6-acac-598b1cf1d888.jpg\"><figcaption style=\"text-align: center;\"><em>ETH vs BTC transaction volumes &#8211; Nasdaq\/Ycharts via <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Reddit<\/a><\/em><\/figcaption><\/figure>\n<p>The values shown in the chart are in millions of transactions with the average daily transactions at around 1.1 million for ETH and 255,000 for BTC.<\/p>\n<p>However, transaction volumes on the Bitcoin network were steadier and more periodic than Ethereum, which experienced much more volatility in transaction volumes. This was due to spikes in demand at certain times such as NFT launches and other gas-guzzling events such as XEN minting.<\/p>\n<p>Ethereum\u2019s heftier transaction volumes have continued into the new year, with the Ethereum transaction count on Jan. 2 reaching 924,614, a 300% increase compared to Bitcoin\u2019s 229,191 on the same day, according to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitinfocharts.com\/comparison\/transactions-btc-eth.html#1y\"> Bitinfocharts<\/a>. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/b7b97eff-5405-4bf9-88d8-5a607a88bbc1.jpg\"><figcaption style=\"text-align: center;\"><em>ETH vs BTC transaction volumes \u2014 Bitinfocharts<\/em><\/figcaption><\/figure>\n<p>The analyst who posted the metrics said he was \u201cskeptical about people saying that a flippening could h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en someday,\u201d adding that those advocating for it have reason to do so now.<\/p>\n<p>A flippening occurs when one chain surpasses a higher-ranked one for the same metric, in this case, transactions and activity. <\/p>\n<p>The charts also do not include layer 2 transactions which would put Ethereum even further ahead of Bitcoin for this metric. According to<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/l2beat.com\/scaling\/activity\"> L2beat<\/a>, the number of L2 transactions per second (TPS) actually surpassed those on layer 1 Ethereum in mid-October and has remained above it ever since.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Why the battle for low or no transaction fees really matters<\/em><\/strong><\/p>\n<p>However, while Ethereum may be ahead in transaction and activity terms, Bitcoin remains the most searched cryptocurrency online.\u00a0<\/p>\n<p>On Jan. 1, a<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/inbitcoinwetrust.substack.com\/p\/bitcoin-was-once-again-by-far-the\"> newsletter<\/a> from \u201cIn Bitcoin We Trust\u201d revealed that BTC attracted the most attention on the\u00a0 Google search engine in 2022, with 28.4 million monthly Google searches across the world.<\/p>\n<p>The report concurred with Cointelegraph which revealed that Ethereum did not make second or even third place for search popularity. These spots were occupied by meme coins Shiba Inu (SHIB) and Dogecoin (DOGE) respectively.<\/p>\n<p>Ethereum, in fourth place, had 3.8 million global monthly searches according to the data. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-transactions-338-higher-in-2022-but-bitcoin-remains-most-popular\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Ethereum transactions 338% higher in 2022 but Bitcoin remains most popular &#8220; The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest. According to data from Nasdaq and Ycharts shared on Reddit on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":534213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-01\/3f18c684-7a7b-428e-b610-23f62d5a4a3e.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74891,74880],"class_list":["post-534212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-ethereum","tag-transactions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=534212"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/534213"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=534212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=534212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=534212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}