Coming as a positive news for the Ethereum ecosystem, day by day transactions registered on the Ethereum (ETH) network went beyond 1 million on June 28. This is the first time since May 2018, that Eth network has crossed this number. This update is as per the data reported by Etherscan, the foremost Ethereum [ETH] block explorer.
According to Etherscan data, on June 28 there were 1,004,170 transactions established on the Ethereum [ETH] blockchain. Before that, the last time the Ethereum [ETH] blockchain registered more than 1 million daily transactions was in May 2018. However, the present level is still remarkably lesser than the 1,349,890 quotidian transactions crest registered on January 4, preceding year.
Ethereum [ETH] & Dapps Report by Cryptocurrency Analytics Firm
It is to be noted that the on-chain transaction value of ETH a monthly transaction high in the month of December 2018. Interestingly, that month saw one hundred and fifteen million transactions confirmed on-chain.
As Diar, a cryptocurrency analytics firm described at the time, Ethereum [ETH] volumes on DApps registered a new high in the month of April with seven hundred and seventy six thousand ethereum [ETH] transacted. At the conclusion of the April month, Diar also elucidated that on-chain transactions on the BTC network strike new highs not seen since 2017 throughout the month.
Experienced author and trader Peter Brandt forecasted in new market anticipation that BTC will carry on nurturing. Nonetheless, he added that altcoins like Ethereum [ETH] will not experience the advantage.
It is to be noted that the on-chain transaction value of ETH a monthly transaction high in the month of December 2018. Interestingly, that month saw one hundred and fifteen million transactions confirmed on-chain.
As Diar, a cryptocurrency analytics firm described at the time, Ethereum [ETH] volumes on DApps registered a new high in the month of April with seven hundred and seventy six thousand ethereum [ETH] transacted. At the conclusion of the April month, Diar also elucidated that on-chain transactions on the BTC network strike new highs not seen since 2017 throughout the month.
Experienced author and trader Peter Brandt forecasted in new market anticipation that BTC will carry on nurturing. Nonetheless, he added that altcoins like Ethereum [ETH] will not experience the advantage.
Image by Clifford Photography from Pixabay
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