Ethereum is considered the number one platform to develop the blockchain project, which has had to face periods of slowdown that have prevented a more volatile expansion.
However, the demand of this crypto has increased so far this year, managing to face strong competitors, such as: Tron, Polkadot, Cardano, Cosmos and Tezos, and even so it continues to be the main one in this area.
During 2020, more than $ 1 trillion worth of transactions were recorded on the Ethereum blockchain. These figures exceed the transaction volume of payment giants such as PayPal, which is used by more than 350 million users and has average volumes that typically do not exceed $ 200 billion per quarter.
In any of the scenarios, interest in cryptocurrency continues to increase, as the increase in active wallets, the number of transactions on the network, and the average size of transactions increase.
Despite the leadership that has marked the popular digital asset, bitcoin, Ethereum’s share remains strong in the decentralized finance sector and has become more evident in DeFi’s loan and staking projects which continue to grow and attract new investments.