How many people actually use Bitcoin and Ethereum daily? - Crypto in Plain English - Episode 219 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it1 Aug 2022

How many people actually use Bitcoin and Ethereum daily? - Crypto in Plain English - Episode 219 - by cryptohunt.it

How many people actually use Bitcoin and Ethereum daily?

Welcome to the cryptohunt jam where we spend one minute a day explaining crypto. In plain English.

Sure - many people may buy and hold Bitcoin and Ethereum as an investment, but how many people actually use it every day to move money around? One way to approximate is to look at how many transactions there are

Bitcoin averages about 250,000 daily transactions right now. How many of those are just for investment vs. using it as a digital currency is very hard to tell.

But what is very telling is the comparison with Ethereum: It sits at around 1.2 million per day, almost 5x more than Bitcoin.

And that's an interesting difference. Think about it: There is about half as much money invested in Ethereum, yet much more is happening.

The key - as avid listeners to this podcast will know by now - is that Ethereum is much more versatile, thanks to being programmable money.

And if you are comparing blockchains, transactions per day is certainly a metric that should be in your toolbox. It puts things into perspective and gives you a perspective on how actively something is used.

And tomorrow, we’ll look at a different metric trying to answer the same question: Daily active wallets. But for now, why not go out there and compare a few more blockchains' daily transactions?

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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