Categories: Ethereum

Despite The Bear Market, Ethereum (ETH) Network’s Transactions Have Spiked Recently

Click here to view original web page at

Ethereum (ETH) Has Seen Transactions Spike in The Last 3 Weeks

Ethereum (ETH) may be the second largest crypto network by market cap, but it is far from being on the top of its glory. These days, it is said to be slow and unresponsive and companies seem to be migrating away from it. Many talk about the death of the Etherum network, the blockchain that was envisioned by Vitalik Buterin and once considered to be the future but it is the past.

However, are all these comments actually true? It seems like they might not be. According to new data which was only recently revealed by, 6 from the 10 highest usage days in ETH history were in the last three weeks.

After a momentaneous downturn, it seems like the Ethereum network is finally being widely used again. Not since the time in which Ethereum was in its all-time highs the network was being so widely used as during these usage peaks.

Despite the data, some users still had their doubts. The Twitter user DK_Holdnaut, for instance, affirmed that he never saw anyone using an Ethereum app. According to him, if the network was really as good as it says and so decentralized and resistant to censorship, most people who “value these perks” would be using it.

This is his sole opinion only, though, as the information provided by should be more valued than of some random people on social.

However, Ethereum is not seeing its golden age, this is certain. Despite being in a good or bad place right now, the company is seeing Tron and EOS just slightly behind trying to take its place. For instance, Tron has mined more blocks than Ethereum up until today despite ETH being much older.

Now that even Binance has created its own Binance Chain and it wants companies to migrate their tokens to it from the Ethereum blockchain, ETH is facing a difficult and decisive time. The network needs to improve in order to continue to be relevant in this new age with such strong competition.

Will Ethereum be able to maintain its place? The decisions of the developers and the community will be vital to decide and the progress of the projects, too.

Ethereum ( ETH ) may be the second largest crypto network by market cap, but it is far […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoins and Cryptocurrency: Myths and realities

Part 2: The Journey This is a story of secret beginnings. A story of a brilliant idea, born of trying… Read More

5 hours ago

Twitter is Losing its S%# Over This $4 Million Golden Toilet

An solid gold toilet from Churchill's birthplace goes missing. | Source: AP Photo, File Golden toilets don’t come around very… Read More

5 hours ago

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro , an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.Speaking ahead of the Ethereal… Read More

5 hours ago

Gartner sees blockchain as ‘transformational’ across industries, in 5-10 years

Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More

11 hours ago

The Future Lies in Blockchain: Circle CEO Jeremy Allaire Backs China’s Cryptocurrency and Facebook’s Libra

The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More

11 hours ago

Ethereum-based Staked Not Efficient, Claims DeFi Builder

Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More