Ethereum processed three times as many transactions as Bitcoin in 2022 Bitcoin BTC Ether
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Thanks in part to its transition to PoS, along with the fact that it supports the largest number of decentralized applications , the Ethereum network processed 338% more transactions than the Bitcoin network according to data from Nasdaq and Ycharts shared on Reddit on Jan. 2. In anticipation of this event, the tokens for several platforms that facilitate Ether staking – including Lido DAO and Stakewise – have seen their prices stage double-digit rallies over the past week.Data from Defi Llama also shows that Ethereum remains the top protocol as measured by total value locked , with $23.06 billion worth of value locked on the various dApps hosted on the network.
Data from Coinglass shows that the discount for the Grayscale Ethereum Trust , which is a traditional investment vehicle that provides institutional investors with passive exposure to the price of Ether, is currently at -59.3%, its lowest level in history.
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