Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Ethereum transaction volume competes with Visa as Blockchain transactions rise
Blockchain

Ethereum transaction volume competes with Visa as Blockchain transactions rise

2023-05-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Blockchain


Ethereum may be much younger than the traditional payments giants such as Visabut it has shown (again) that blockchain has evolved into a force to be reckoned with in a single decade.

As a payment technology, blockchain has grown to match established players. Recent data from Coingraph showed that Ethereum, for example, processed $3.01 trillion in transactions, as opposed to Visa, which processed $3.08 trillion.

It’s a testament to the growth in mainstream adoption of the nascent technology, which is often – sometimes almost exclusively – viewed as a vessel for scammers, drug dealers and cybercriminals.

Ethereum is the second largest network: its current market cap is $227.8 billion, according to CoinGecko, compared to the number 1 From Bitcoin $538.96 billion and 3rd place from Tether $82.8 billion.

Particularly as the world’s second-largest blockchain, Ethereum is powering numerous financial technology solutions seeking to disrupt the global, traditional financial marketplace. These solutions include decentralized finance (DeFI), staking, loans and payday loans, among others.

It has grown into a rich and versatile environment, with plenty of room for further development – which is also an advantage over traditional financial layers.

Last year, it was reported that Ethereum processed 4.5 times more transactions than Visa by 2021.

Also a report of Ethereum foundationJosh Stark claimed that Ethereum surpassed Visa in 2021 in trading volume. “Ethereum moved about $11.6 trillion USD. That’s more than Visa [$10.4 trillion]and more than double that of Bitcoin,” the report said.

Looking at the latest daily Ethereum transactions, etherscan shows 968,996 on May 28, with an all-time high of 1,932,711 transactions on December 9, 2022.

See also  Evmos integrates IBC callbacks for improved functionality

Ethereum 1-Year Daily Transaction Chart:

Source: etherscan.io

Ethereum has already entered TradFi

The popular blockchain is already the network of choice for many established players looking to use the new technology – including Visa.

In addition to just writing about Ethereum’s economics, as reported in mid-May, Visa used Ethereum’s Goerli testnet to try out transaction-free payments using account abstraction.

It used a smart contract called Paymaster, which allowed the company to take advantage of account abstraction to perform complex tasks on behalf of accounts and manage transaction fees.

“Excited to see Visa deploy our first paymaster smart contract on testnet as we continue to explore and experiment with account abstraction and ERC-4337,” Cuy Sheffield, Head of Crypto at Visa, said at the time.

ERC-4337 is an Ethereum standard that achieves account abstraction without changing the consensus layer, allowing users to pool and automate transactions on the network.

“ERC-4337 offers exciting future opportunities for improving on-chain user payments through a self-custodial smart contract wallet, which in turn has the potential to transform the way users interact with digital currencies and digital assets,” said Visa.

Visa first released a proposal in December last year that would allow Ethereum users to make automated programmable payments without the intervention of a third party.

The company also reiterated its commitment to crypto in March this year, refuting reports that it planned to pause its crypto push due to uncertain market conditions.

“We continue to work with crypto companies to improve fiat on and off ramps, as well as progress on our product roadmap to build new products that can facilitate stablecoin payments in a secure, compliant and convenient manner,” Sheffield said.

See also  Ice Open Network's ION Blockchain integrates with SafeFolio Wallet

He added that the previous crypto crisis has not changed their view of digital assets and that “1685405573 it’s time to build!”

At the time of writing (midday UTC on Monday), ETH was trading at USD 1,898, up 3% in a day and 4.5% in a week.

ETH 7-Day Price Chart:

Source: coinecko.com


Source link

Blockchain competes Ethereum Rise Transaction transactions Visa Volume
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

Basic, BNB chain, Ethereum and others

2025-05-20

What are tokenized real-world assets? Put physical value on the chain with RWAS

2025-05-20

Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

2025-05-20
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Monero: Is a shorting opportunity presenting itself?

2023-07-29

Bitcoin: Why Institutions Will Have a Say in the Future of BTC

2024-02-22

How Bitcoin NFTs could fare thanks to this Binance move

2024-04-05
Editors Picks

Estimating the chances of LUNC starting a bull run

2023-11-27

Crypto Analyst Analyzes Total Cryptocurrency Market Cap, Says Bitcoin (BTC) Sees a Peak in Dominance

2023-12-22

Uniswap (UNI) surges 12% as project announces new Ethereum (ETH) Layer-2 focused on DeFi

2024-10-11

Start Minting Your Own NFTs and Share 10 BNB in Rewards!

2023-07-26
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

Ethereum -price flashes bullish signal, but can it flow through obstacles?

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,101.680.90%
  • ethereumEthereum(ETH)$2,491.59-1.22%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.35-0.74%
  • binancecoinBNB(BNB)$647.160.04%
  • solanaSolana(SOL)$167.410.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.221924-1.08%
  • cardanoCardano(ADA)$0.74-0.78%
  • tronTRON(TRX)$0.2735233.29%
  • suiSui(SUI)$3.892.58%
  • chainlinkChainlink(LINK)$15.57-1.23%
  • avalanche-2Avalanche(AVAX)$22.23-1.06%
  • stellarStellar(XLM)$0.283301-1.02%
  • hyperliquidHyperliquid(HYPE)$26.02-0.13%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.44%
  • hedera-hashgraphHedera(HBAR)$0.1939330.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.761.50%
  • bitcoin-cashBitcoin Cash(BCH)$388.52-0.36%
  • the-open-networkToncoin(TON)$3.071.63%
  • polkadotPolkadot(DOT)$4.61-0.32%
  • litecoinLitecoin(LTC)$94.19-4.80%
  • moneroMonero(XMR)$345.530.88%
  • bitget-tokenBitget Token(BGB)$5.160.07%
  • pepePepe(PEPE)$0.000013-2.79%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.742.28%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$262.109.69%
  • bittensorBittensor(TAO)$414.500.27%
  • uniswapUniswap(UNI)$5.82-3.16%
  • nearNEAR Protocol(NEAR)$2.74-1.74%
  • aptosAptos(APT)$5.08-1.48%
  • okbOKB(OKB)$51.98-0.66%
  • ondo-financeOndo(ONDO)$0.940.93%
  • kaspaKaspa(KAS)$0.1086150.93%
  • ethereum-classicEthereum Classic(ETC)$18.17-1.58%
  • internet-computerInternet Computer(ICP)$5.15-2.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.353.79%
  • gatechain-tokenGateToken(GT)$21.440.07%
  • crypto-com-chainCronos(CRO)$0.095913-0.08%
  • mantleMantle(MNT)$0.741.64%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230738-1.77%
  • vechainVeChain(VET)$0.027740-1.47%
  • render-tokenRender(RENDER)$4.60-0.28%
  • ethenaEthena(ENA)$0.370216-0.61%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.220678-1.04%
  • arbitrumArbitrum(ARB)$0.389698-0.42%
  • filecoinFilecoin(FIL)$2.82-2.21%
  • bitcoinBitcoin(BTC)$106,101.680.90%
  • ethereumEthereum(ETH)$2,491.59-1.22%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.35-0.74%
  • binancecoinBNB(BNB)$647.160.04%
  • solanaSolana(SOL)$167.410.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.221924-1.08%
  • cardanoCardano(ADA)$0.74-0.78%
  • tronTRON(TRX)$0.2735233.29%
  • suiSui(SUI)$3.892.58%
  • chainlinkChainlink(LINK)$15.57-1.23%
  • avalanche-2Avalanche(AVAX)$22.23-1.06%
  • stellarStellar(XLM)$0.283301-1.02%
  • hyperliquidHyperliquid(HYPE)$26.02-0.13%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.44%
  • hedera-hashgraphHedera(HBAR)$0.1939330.72%
  • unus-sed-leoUNUS SED LEO(LEO)$8.761.50%
  • bitcoin-cashBitcoin Cash(BCH)$388.52-0.36%
  • the-open-networkToncoin(TON)$3.071.63%
  • polkadotPolkadot(DOT)$4.61-0.32%
  • litecoinLitecoin(LTC)$94.19-4.80%
  • moneroMonero(XMR)$345.530.88%
  • bitget-tokenBitget Token(BGB)$5.160.07%
  • pepePepe(PEPE)$0.000013-2.79%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.742.28%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$262.109.69%
  • bittensorBittensor(TAO)$414.500.27%
  • uniswapUniswap(UNI)$5.82-3.16%
  • nearNEAR Protocol(NEAR)$2.74-1.74%
  • aptosAptos(APT)$5.08-1.48%
  • okbOKB(OKB)$51.98-0.66%
  • ondo-financeOndo(ONDO)$0.940.93%
  • kaspaKaspa(KAS)$0.1086150.93%
  • ethereum-classicEthereum Classic(ETC)$18.17-1.58%
  • internet-computerInternet Computer(ICP)$5.15-2.02%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.353.79%
  • gatechain-tokenGateToken(GT)$21.440.07%
  • crypto-com-chainCronos(CRO)$0.095913-0.08%
  • mantleMantle(MNT)$0.741.64%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230738-1.77%
  • vechainVeChain(VET)$0.027740-1.47%
  • render-tokenRender(RENDER)$4.60-0.28%
  • ethenaEthena(ENA)$0.370216-0.61%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • algorandAlgorand(ALGO)$0.220678-1.04%
  • arbitrumArbitrum(ARB)$0.389698-0.42%
  • filecoinFilecoin(FIL)$2.82-2.21%