Monday, March 1, 2021

Ethereum (ETH) Processed Over 1 Million Transactions a Day to Attain 2½ Years’ Record

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has processed over 1 million transactions a day for the first time in two and a half years.

Ethereum (ETH) Processed 1 Million Transaction a Day

Recall that Ethereum miners increased the network capacity by 25% a few days ago. The increase in capacity is now aiding the Ethereum network to experience as much demand as near the peak of prices when ETH was trading at $1,000.

Ethereum (ETH) Processed Over 1 Million Transactions a Day to Attain 2½ Years’ Record

Ethereum transactions surpass one million a day, June 2020

The number of transactions has always been the indicator used to ascertain the increase in adoption, however, other factors may now serve as better indicators since the network now runs at full capacity.

One particular example is the recently doubled nodes numbers experienced in China, which indicates that interests in ETH by individuals or entities have drastically increased.

Ethereum (ETH) Processed Over 1 Million Transactions a Day to Attain 2½ Years’ Record

Ethereum nodes stats, June 2020

Bitfly Reveals What Ethereum 2.0 Depositing Process Looks Like

Bitfly has some hours ago revealed what depositing in the much-anticipated Ethereum 2.0 could look like when it’s finally launched to fulfill the expectation of the community.

Bitfly shared this in a tweet captioned with an infographic that illustrates the depositing process. Reacting to the message on the infographic, Bitfly stated that “the period in which the transition occurs requires *a lot of* patience.”

Ethereum (ETH) Processed Over 1 Million Transactions a Day to Attain 2½ Years’ Record

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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