YearĢ021 figures as of July 13th, 2021 Crypto Spenders are Searching for MerchantsĪs transaction counts and values rise, merchants play a vital part in pushing forward the adoption of digital currencies for payments. With Ethereum still hosting thousands of ERC-20 and ERC-721 tokens on its blockchain today, its transaction counts have grown to be much higher compared to Bitcoin and Litecoin’s.Īlong with crypto’s rising transaction numbers, the average USD value per transaction has increased by a minimum of 4x over the past five years. In mid-2017, Ethereum overtook Bitcoin in daily transactions as ETH was necessary to participate in ICOs (initial coin offerings), which fueled much of the speculation in the 2017 price run. In just over five years, daily transactions across the Bitcoin, Ethereum, and Litecoin networks increased sixfold, from just 250,000 to more than 1.5 million transactions a day. While prices are often the focus when crypto is in the spotlight, transaction counts show how much a network is being used as a medium of exchange.
Cryptocurrency Transactions are Rising in Value and Number This graphic sponsored by CoinPayments looks at the rising transactions of the Bitcoin, Ethereum, and Litecoin networks. Visualizing the Rise of Cryptocurrency TransactionsĪfter Bitcoin and cryptocurrency’s wild bull run in late 2020 and early 2021, many holders are now using cryptocurrencies for their intended purpose: payments.Įvery day, approximately $12 billion are transferred across the Bitcoin, Ethereum, and Litecoin blockchains, with millions of people using cryptocurrency for payments daily.
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