The Ethereum blockchain processed more than four times more transactions than the Bitcoin network in 2022, the data shows.
Ethereum’s heftier transaction volumes have continued into the new year, with the Ethereum transaction count on Jan. 2 reaching 924,614, a 300% increase compared to Bitcoin’s 229,191 on the same day, according toThe analyst who posted the metrics said he was “skeptical about people saying that a flippening could happen someday,” adding that those advocating for it have reason to do so now.
A flippening occurs when one chain surpasses a higher-ranked one for the same metric, in this case, transactions and activity. The charts also do not include layer 2 transactions which would put Ethereum even further ahead of Bitcoin for this metric. According to , the number of L2 transactions per second actually surpassed those on layer 1 Ethereum in mid-October and has remained above it ever since.However, while Ethereum may be ahead in transaction and activity terms, Bitcoin remains the most searched cryptocurrency online.from “In Bitcoin We Trust” revealed that BTC attracted the most attention on the Google search engine in 2022, with 28.4 million monthly Google searches across the world.
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