Journalist
Posted:
- Bitcoin experienced higher user activity when compared to ETH and LTC.
- Ethereum continued to be the chain with the largest TVL.
After a brief scare from Litecoin [LTC], Bitcoin [BTC] again surpassed the “Digital Silver” in daily transaction count, as per AMBCrypto’s examination of Glassnode’s data.
The graph showed 628,278 transactions on Bitcoin on 16th November, four times more than the count on Litecoin. Take note that Litecoin outperformed Bitcoin at least twice this week, during which the former clocked more than a million transactions.
Source: Glassnode
Litecoin shows promise
However, Litecoin was trying to close the gap with the chain from which it had forked. According to another set of data from IntoTheBlock, it witnessed significantly high user activity of late.
Indeed, the daily active address count on Litecoin was 797,000, in comparison to Bitcoin’s 960,000. The sharp spike observed over the week helped Litecoin narrow the gulf with the largest proof-of-work (PoW) chain.
Source: IntoTheBlock
In fact, Bitcoin and Lithium were the two largest layer-1 (L1) chains in terms of engaged user base, IntoTheBlock stated. Following the two PoW chains was Ethereum, with 405,000 daily active addresses.
Ethereum leads in TVL
But while Ethereum lagged in on-chain activity, it continued to attract the most capital of any chain in the ecosystem.
According to CoinGecko, the total value locked (TVL) on Ethereum was a whopping $23 billion as of 16th November. This was due to it being the hub for smart contracts and decentralized applications.
The fact that Ethereum’s TVL was more than the total TVL of the next nine chains on the list demonstrated its dominance.
Due to its limitations in having complex smart contract functionality, Bitcoin could only manage inflows of $236 million.
A look at the price charts
While on-chain and DeFi metrics revealed exciting trends, the value of native tokens increased as well. The three assets, BTC, ETH, and LTC, showed a bullish trend, as seen below.
How much are 1,10,100 BTCs worth today?
Bitcoin, riding on the spot ETF wave, grew 27.83% over the last month. While Ethereum was a little slow to begin with, it too was energized by Blackrock’s spot ETH ETF application. The rally stretched ETH’s monthly gains to 24%.
Source: Glassnode
Litecoin was comparatively subdued on the price charts, gaining just 14% in the last month. However, the crypto stands a lot to gain if network traffic picks up.
Journalist
Posted:
- Bitcoin experienced higher user activity when compared to ETH and LTC.
- Ethereum continued to be the chain with the largest TVL.
After a brief scare from Litecoin [LTC], Bitcoin [BTC] again surpassed the “Digital Silver” in daily transaction count, as per AMBCrypto’s examination of Glassnode’s data.
The graph showed 628,278 transactions on Bitcoin on 16th November, four times more than the count on Litecoin. Take note that Litecoin outperformed Bitcoin at least twice this week, during which the former clocked more than a million transactions.
Source: Glassnode
Litecoin shows promise
However, Litecoin was trying to close the gap with the chain from which it had forked. According to another set of data from IntoTheBlock, it witnessed significantly high user activity of late.
Indeed, the daily active address count on Litecoin was 797,000, in comparison to Bitcoin’s 960,000. The sharp spike observed over the week helped Litecoin narrow the gulf with the largest proof-of-work (PoW) chain.
Source: IntoTheBlock
In fact, Bitcoin and Lithium were the two largest layer-1 (L1) chains in terms of engaged user base, IntoTheBlock stated. Following the two PoW chains was Ethereum, with 405,000 daily active addresses.
Ethereum leads in TVL
But while Ethereum lagged in on-chain activity, it continued to attract the most capital of any chain in the ecosystem.
According to CoinGecko, the total value locked (TVL) on Ethereum was a whopping $23 billion as of 16th November. This was due to it being the hub for smart contracts and decentralized applications.
The fact that Ethereum’s TVL was more than the total TVL of the next nine chains on the list demonstrated its dominance.
Due to its limitations in having complex smart contract functionality, Bitcoin could only manage inflows of $236 million.
A look at the price charts
While on-chain and DeFi metrics revealed exciting trends, the value of native tokens increased as well. The three assets, BTC, ETH, and LTC, showed a bullish trend, as seen below.
How much are 1,10,100 BTCs worth today?
Bitcoin, riding on the spot ETF wave, grew 27.83% over the last month. While Ethereum was a little slow to begin with, it too was energized by Blackrock’s spot ETH ETF application. The rally stretched ETH’s monthly gains to 24%.
Source: Glassnode
Litecoin was comparatively subdued on the price charts, gaining just 14% in the last month. However, the crypto stands a lot to gain if network traffic picks up.
cost cheap clomid without rx can i order generic clomid prices order generic clomiphene without insurance cost of clomid no prescription where can i buy clomid without prescription generic clomid c10m1d where can i buy generic clomid price
This is the big-hearted of writing I positively appreciate.
This is the big-hearted of literature I in fact appreciate.
buy azithromycin sale – purchase sumycin online cheap metronidazole 400mg brand
brand rybelsus 14mg – how to buy rybelsus cyproheptadine 4mg brand
order domperidone sale – order flexeril for sale flexeril without prescription
order augmentin 375mg online cheap – https://atbioinfo.com/ buy ampicillin generic
cost esomeprazole 20mg – https://anexamate.com/ purchase nexium sale
buy coumadin 2mg online cheap – anticoagulant order cozaar 50mg online
order mobic 15mg online – https://moboxsin.com/ order mobic 15mg sale
oral prednisone 10mg – https://apreplson.com/ order prednisone 20mg generic
herbal ed pills – site erection pills viagra online
buy amoxil without a prescription – amoxicillin cheap purchase amoxicillin online
buy diflucan 200mg online cheap – https://gpdifluca.com/# order fluconazole pills
escitalopram pill – https://escitapro.com/# lexapro uk
cenforce over the counter – https://cenforcers.com/ buy cenforce generic
cialis tadalafil tablets – https://ciltadgn.com/ canadian pharmacy cialis 20mg
cialis generic timeline – where to get free samples of cialis cialis medicine
buy zantac pills – aranitidine order zantac pill
generic viagra 100 mg – strong vpls buy cheap viagra online canada
Thanks towards putting this up. It’s well done. https://gnolvade.com/es/comprar-finasterida/
This is the tolerant of advise I turn up helpful. https://buyfastonl.com/isotretinoin.html
I’ll certainly carry back to skim more. https://ursxdol.com/doxycycline-antibiotic/
The thoroughness in this break down is noteworthy. https://prohnrg.com/product/cytotec-online/
The depth in this piece is exceptional. https://aranitidine.com/fr/ciagra-professional-20-mg/
This is the kind of post I turn up helpful. https://ondactone.com/spironolactone/
Greetings! Very useful par‘nesis within this article! It’s the crumb changes which wish turn the largest changes. Thanks a lot in the direction of sharing!
https://doxycyclinege.com/pro/tamsulosin/
This is a keynote which is near to my heart… Many thanks! Quite where can I lay one’s hands on the phone details for questions? http://www.gtcm.info/home.php?mod=space&uid=1158207
dapagliflozin tablet – https://janozin.com/# dapagliflozin 10 mg without prescription
xenical online order – click orlistat canada