Ethereum moved more money than Visa in 2021

A new wave of Ethereum (ETH) bullishness has begun. This can be deduced from the number of funds transferred in 2021. According to statistics, this crypto-currency has made a larger volume of transactions than Visa and is far ahead of Bitcoin (BTC).

The fast growth of Ethereum

It is worth noting that Ethereum began to confirm its success in mid-2020 when it began to exceed the Bitcoin coin only in terms of processing. According to a report by Ethereum CEO Josh Stark, in 2021 Ethereum represented worth 11,6 trillion in transactions, while the Visa network recorded only $ 10,4 trillion..

The report also indicates that the actual volume of Ethereum transactions is actually even higher than indicated. This is despite the fact that only the main ERC-20 tokens with a transaction volume above $ 500 million are taken into account. It is now twice as high as Bitcoin, which processed $4.6 trillion in 2021.

The main growth factors

Regarding the main reasons for this growth of Ethereum, we can point to the increase in the use of NFT and fixed tokens. In addition, the report states that in 2021, the total value locked (TVL) on Ethereum was $ 153 billion, which is more than the assets of the investment fund Bridgewater Associates and the financial service Robinhood. This trend is confirmed by information from the TVL aggregator DeFiLlama, but there is data on the use of other blockchains in the DeFi sector.

Despite the high commissions, the trend towards the use of Ethereum is not diminishing. Thus, in 2021, users paid $ 9.9 billion in transaction fees. While the amount of commission for Bitcoin transactions is only $ 1 billion.

Data comparisons of values ​​such as TVL show how much the network has grown over the past months. Ethereum’s growth is also indicated by the capitalization of the Ether (ETH) coin. Ethereum’s next competitor is Visa Mastercard, which according to Infinite Marketcap is worth $ 319 billion, while Ethereum is worth $ 303 billion.

So far, another significant change for investors is the transition of Ethereum to a confirmed rate. Currently, only $ 23.9 billion is fixed on the contract’s stacking network, which is only 8% of the offer.

Bit4you is a Belgian cryptocurrency trade site that works at the European level. This help offers a wide scope of online wallet administrations, exchanging in excess of 45 sorts of tokens, all potential indicators of trade, and current news. Bit4you can likewise offer you a demo mode in case you are a freshman in cryptocurrencies. Accordingly, this asset can give you all the essential information free of charge! You will likewise get USD 100,000 in your demo record to test your exchanging and trade abilities.

Marta Krysan, Team bit4you.




bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Create a Trusted Circle, add a Digital Asset, Permission the Trading Pair and Trade in Tgrade

How to Accept Bitcoin Cash (BCH) Payments at a Physical Store and Cash Out in Local Currency

Komodo Platform: Why Assetchains? — Part 01

Bitcoin Mining 101

Bulletin Board: May 31st

Uniswap Delegation

😉 Hey, #iBGians!

GamyFi (GFX) is also known as the Native token of the GamyFi platform used to Reward the users and…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store

bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.

More from Medium

Future of US Money and Payment Systems

Future of US Money and Payment Systems

How Emirates Airlines integrates BTC into their services

CryptOpinion: The Big Drop — Now or later?

The Great Ethereum Merge And How You Can Get Involved