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Daily transaction activity of 7 selected cryptocurrencies as of January 17, 2021

At the end of December 2020, the cryptocurrency Ethereum would be processed more than 1.1 million times per day. This was more than six times that of the more commonly known rival Bitcoin, which saw only 330,000 daily transactions that month. Other leading cryptocurrencies also saw significantly less transaction activity.

What kind of transactions were these?

Cryptocurrencies are digital currencies which owe their credibility to their technology rather than a central bank. Many of the transactions in this statistic involve cryptocurrency exchanges which exchange these coins for other currencies, including traditional currencies such as U.S. dollars or euros. In selected countries, Bitcoin ATMs also dispense the local currency in exchange for Bitcoin. However, few retailers accept that or any other cryptocurrency on a large scale.

Cryptocurrency as an investment

Many cryptocurrency enthusiasts point to the high market capitalization of their favorite cryptocurrencies. Also, the currency price is an important factor. The price volatility of Bitcoin and others attracts investors, hoping to buy low and sell high.

Number of daily transactions in Bitcoin, Ethereum and five other cryptocurrencies from January 2017 to January 17, 2021

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Source

Release date

January 2021

Region

Worldwide

Survey time period

January 2017 to January 17, 2021

Special properties

Absolute figures

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Statistics on "Cryptocurrencies"

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