Bitcoin does not differ about it as the father of cryptocurrencies or the pharaoh, as some describe it, because of its market value and trading volume, which is the largest after Tether in the cryptocurrency market.

It is closely followed by Ethereum, which is developing in a different way, but in general, it is becoming like Bitcoin in that it is a store of value in addition to the maturity of its ecosystem significantly.

Ethereum reincarnates:

A recent article by the owner of ethereumprice.org looked at some infographics of Ethereum-based projects that reveal an interesting development.

The charts show that ETH currently accounts for less than half of all transactions on the network.

Read:Why did Solana cryptocurrency jump 10,000% in 2021?

# Ethereum On the way to replace # bitcoin as a store of value. Here’s why in less than 10 minutes:

– 0xNick.eth (@0xEther) November 18, 2019

According to the data published There are around 300,000 ERC-20 token transactions per day compared to around 290,000 ETH token transactions.

It seems that Ethereum has turned on itself.

The Ethereum blockchain has an active token economy that is clearly growing as the above chart indicates.

It was also stated in the report that:

The original Ethereum token has passed the torch to assets with greater transaction utility than its own.

This means that Ethereum is evolving and a new ecosystem is forming within it that is overcome by the field of decentralized finance.

As Bitcoin has shifted from digital cash and a means of payment to digital gold, Ethereum is also moving into the world of a store of wealth rather than relying on a token.

The DeFi ecosystem is an embryo at the moment but has shown unparalleled growth this year.

Read:The Polkadot Project Reveals the Completion of an Important Update…and Reveals Proposed Auction Dates

A greater number of ETH tokens are linked to lending and borrowing platforms operated by platforms based on smart contracts.

According to the site “defipulse.com“There are currently 2.5 million ETH employed and used in the DeFi sector.”

Meaning it is 90% more than the same period last year.

This nascent industry has the potential to grow into a monster with growing distrust of central banks as the world slides into another recession.

Read:After five years of development … the launch of the awaited update of the Cardano blockchain

Finally, in view of Bitcoin and the source of its value that it derives from supply and demand, as there are only 21 million coins from it, and the more there is less supply, the greater the demand.

As for the Ethereum currency, which does not have a specific ceiling yet, its total offer is determined.

However, with the upcoming new update with the Ethereum 2.0 version, the issuance of tokens will be significantly reduced from the 4.4% version rate to less than 1%.

Ethereum can also be benefited from through protocols such as “MakerDAO” and “stablecoins” such as “DAI”, which are a good example of decentralized finance.

Read also:

The Ethereum network is preparing for the next update of the network in December

What is the new generation of Ethereum 2.0 network?