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"Ethereum is equal to Bitcoin in the transferred value"


Thanks to the data found in the recent Messari report, it is possible to see how in the last period the gap between Bitcoin and Ethereum has decreased, touching similar figures for both assets in terms of transferred value.

Messari bitcoin and ethereum

The charts are very clear and show how Bitcoin has lost ground in recent months, perhaps due to the collapse that occurred a few months ago, while Ethereum has continued to grow to match the same value transferred by the oldest blockchain.

In fact, within 1 year, Ethereum has transferred value from $ 0.3 billion to over $ 1.5 billion daily. The most significant aspect of this increase in value is attributed to the various stablecoins such as Tether (USDT), TrueUSD, and USD Coin, which are all known to be on the Ethereum blockchain.

In fact, looking at the Tether (USDT) data, it is possible to see how only in Ethereum have tokens been issued worth just under 5 billion, a value that exceeds even that of Omni, demonstrating how stable coins are becoming the Main tool to move capital.

The report also talks about the growth of Tether: born in 2019, in the first quarter of 2020 it surpassed for the first time a market capitalization of 4.5 billion dollars, and this figure raises some doubts, since it means that there is more demand for this stable currency. , perhaps due to the economic crisis.

Another figure highlighted by Messari is the growth of other stablecoins like USDC and BUSD, which have doubled their volumes to just under $ 200 million, while PAX, TUSD, DAI and HUSD have seen a more modest rise.

At this point, it is clear that decentralized finance (DeFi) is entering its initial stages of capillarization and that thanks to this Ethereum will soon be able to surpass even bitcoin volumes, considering that DeFi's backbone is in fact Ethereum who, meanwhile, is preparing for the Proof of Stake transition.

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