Ethereum Outperforms Bitcoin In Terms Of Yearly Returns, Gaining 663%.

Ethereum Outperforms Bitcoin In Terms Of Yearly Returns, Gaining 663%.

2021-12-20 | Daniel Smith

Ethereum Outperforms Bitcoin In Terms Of Yearly Returns, Gaining 663%.

High gas prices have plagued the Ethereum network across 2021, having risen tenfold from the fourth quarter of last year. According to market intelligence service IntoTheBlock, the cost of using Ethereum has soared in 2021, for good or ill. The entire value of ETH paid in fees has increased more than tenfold, from $430M in Q4 2020 to $4.8B in Q4 2021. These fees demonstrate the enormous demand for, and readiness to pay for, the Ethereum blockchain. IntoTheBlock admitted that increased demand was ramping increased rates, but consumers were yet prepared to spend to access the ETH network. Investors lately breathed a breath of pleasure when Ethereum's median costs fell to $5.50 per transaction, down from $34.18 last month. The sum resolved on ETH has more than quadrupled According to IntoTheBlock, Ethereum has shown itself as an engine of economic activity due to large transaction volume. Ethereum constitutes a driving force in business growth. In 2021, the overall volume handled by ETH and stablecoins has indeed been continuously high. The total quantity of value settled on Ethereum has quadrupled in comparison to Q4 2020 and has climbed fivefold in comparison to Q4 2017. This is consistent with the notion that further cash has poured into the Ethereum network than into Bitcoin. A number of application cases, including ETH's role as the foundation of the thriving decentralized finance (DeFi) and non-fungible tokens (NFTs) industries, have contributed to this. Moreover, Ethereum lately outperformed Bitcoin in terms of yearly returns, gaining 663 percent. As a result, the dispute over Bitcoin vs. ETH does not appear to be fading off anytime close, as ARK Invest CEO Cathie Wood lately indicated that ETH was yet undervalued compared to BTC.

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