Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the joli-table-of-contents domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121 Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rank-math domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121 Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rank-math-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121 Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the astra domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/news/wp-includes/functions.php on line 6121 Warning: Cannot modify header information - headers already sent by (output started at /var/www/html/news/wp-includes/functions.php:6121) in /var/www/html/news/wp-includes/rest-api/class-wp-rest-server.php on line 1896 {"id":4390,"date":"2023-09-15T10:26:20","date_gmt":"2023-09-15T10:26:20","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=4390"},"modified":"2023-09-15T10:26:21","modified_gmt":"2023-09-15T10:26:21","slug":"why-did-ethereum-just-surpass-bitcoin-the-shift-you-cant-ignore","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/why-did-ethereum-just-surpass-bitcoin-the-shift-you-cant-ignore\/","title":{"rendered":"Why Did Ethereum Just Surpass Bitcoin? The Shift You Can’t Ignore"},"content":{"rendered":"\n

The New Milestone for Ethereum<\/h2>\n\n\n\n

Ethereum, the second-largest blockchain network by market capitalization, has recently surpassed Bitcoin in terms of daily active addresses. According to data from the Artemis Terminal, Ethereum now boasts 1.03 million daily active addresses, while Bitcoin lags behind with 743,800. This milestone was reached on September 13, 2023, when Ethereum’s daily active addresses hit approximately 1,089,893, marking the second-highest count in its history.<\/p>\n\n\n\n

The Underlying Factors<\/h2>\n\n\n\n

The surge in Ethereum’s daily active addresses is not an isolated event. It coincides with a new all-time high in daily transactions on the Ethereum network, which reached 1,627,860 on the same day. Market intelligence platform Santiment suggests that this increased on-chain activity could lead to enhanced market volatility and potentially a recovery in the Ether market. Despite recent market instability that pushed Ethereum’s price below the $1,700 threshold, it remains a key player in the decentralized finance (DeFi) ecosystem, with approximately $20 billion in total value locked.<\/p>\n\n\n\n

A Journalist’s Perspective<\/h2>\n\n\n\n

From my point of view, this development is a significant indicator of Ethereum’s growing influence in the crypto space. While Bitcoin has long been the dominant force, Ethereum’s unique capabilities, particularly in smart contracts and DeFi, are drawing more users to its platform. However, it’s crucial to note that Ethereum’s price remains significantly influenced by Bitcoin’s market movements. The digital asset faces substantial selling pressure, and its price is expected to continue its descent in the upcoming weeks.<\/p>\n\n\n\n

Pros:<\/h3>\n\n\n\n