Ethereum now settles more value per day than Bitcoin

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Ethereum now settles more value per day than Bitcoin

Thoughts on this?


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More than 4BUSD are locked in DeFi contracts in the Ethereum blockchain. The DeFi and stablecoins ecosystem is mostly dominated by Ethereum, this gives more attention to eth as it is used as gas to execute contracts on this chain, so as DeFi keeps growing eth value will keep increasing.

It makes sense that ETH settles more value per day than Bitcoin as ETH is actively used as gas and as a sort of on ramp for a lot of other tokens. Stablecoins and DeFi are much more free-flowing than BTC. At the end of the day I think ETH and BTC don’t necessarily compete with one another so to compare them by value settled per day does not carry too much significance in my opinion.

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