Since the beginning of September, most of the market’s attention has been on the price of Bitcoin, Ethereum, and a few of the top altcoins, with the industry continuing to tackle intense bearish pressure, at press time. Amidst all the noise, however, on-chain development seems to have been forgotten somewhat, with the new Coinmetrics report highlighting that the space noted an important turnover recently.
According to the report, Ethereum’s 7-day average adjusted transfer value recently flipped Bitcoin’s on the 5th of September. On that particular day, the 7-day average value transferred on ETH was close to $3.08 billion, in comparison to Bitcoin’s $3.01 billion.