WHile I agree on principal on most things. Reality is different to what OP is saying. Eth seems to be used far more than bitcoin onchain.
RE: What is Network Valuation? (And the only chart that matters long-term)
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What is Network Valuation? (And the only chart that matters long-term)
Hi @evilmonkey, you seem to be confusing tx volume with # of users:
Tx volume:
https://bitinfocharts.com/comparison/transactions-btc-eth-eos.html#1y
Unique active addresses:
https://bitinfocharts.com/comparison/activeaddresses-btc-eth.html
Also, as noted in my comment to "blowmywhistle", the only chain doing more is ETH and there are subnetworks that use the ETH chain that have their own valuation. It's backwards to consider all tx on ETH to go towards the ETH network value and therefore ETH price when there are countless other on chain currencies that dilute the value. To get a good idea of the ETH network valuation, you'd have to total the value of ALL on chain currencies.
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