Call 800 665 0411 to learn about our services for your stock

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS

Share on StockTwits

Ethereum was the Most Traded Cryptocurrency in Q3 2020 with 1.1M Average Daily Transactions, 3.5x More than Bitcoin


November 11, 2020 ( Newswire) As the world's second-largest cryptocurrency, Ethereum witnessed impressive growth in 2020. Since the beginning of the year, Ethereum price surged by a remarkable 230%, drawing more and more attention from investors in times of economic uncertainty caused by the COVID-19 outbreak.

According to data presented by, Ethereum was the most traded cryptocurrency in the third quarter of 2020, with 1.1 million average daily transactions, 3.5 times more than Bitcoin.

Daily Transactions Surged by 131% in Three Months

As the world's leading cryptocurrency, Bitcoin witnessed over 319,000 average daily transactions between June and September, revealed the CoinMetrics data. Other leading cryptocurrencies saw less than a tenth of the daily volume of Ethereum. Litecoin ranked third with 56,000 average transactions per day in this period. Dash, Bitcoin Cash, and Monero followed with 25,100, 17,200, and 12,000 daily transactions, respectively.

The BitInfoCharts data revealed the number of Ethereum transactions jumped significantly since the beginning of the year. In the first quarter of 2020, the number of average daily transactions amounted to 537,900. After a slight drop to 463,100 in March, transactions continued rising in the following months.

Statistics show the number of Ethereum transactions per day increased by 610,000 between June and September, a 131% jump in three months.

Ethereum Market Cap Hit Over $50bn, Almost 150% Jump YoY

Besides impressive growth in price and the number of transactions, Ethereum also witnessed a surge in market cap since the beginning of the year.

In December 2019, the combined value of all Ethereum coins amounted to $14.3bn, revealed the CoinMarketCap data. After peaking at $30.8bn in February, Ethereum market capitalization slumped by 58% to $12.7bn in the second week of March.

However, the world's second-largest crypto coin quickly bounced back, with market cap recovering to $25.2bn in June.

The increasing trend continued in the third quarter of 2020, with the combined value of all Ethereum coins in circulation peaking at $53.8bn in September, a 102% jump in three months. Statistics show the market cap of the world's second-largest cryptocurrency stood at $50bn at the end of last week, almost 150% jump year-over-year.

The full story can be read here:

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire

Global investors must adhere to regulations of each country. Please read privacy policy:

That's all it takes to get an article published on Investor Ideas - Learn More

News and Research for Bitcoin, Blockchain, Digital Currency Stocks and ICO's

Get more Bitcoin, Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock directories

Buy a crypto guest post on