Hedera Hashgraph Surpassed Ethereum Recording 1.5 Million Transactions Per Day

Hedera Hashgraph Surpassed Ethereum Recording 1.5 Million Transactions Per Day
Table of Contents

Hedera Hashgraph announced a new record on its mainnet. One year after Open Access of the network, it has reached an average of 1.5 million transactions per day in the past month. The average rate of transactions per day in the past year has been 750K, and in the past month, Hedera surpassed Ethereum by reaching 1.5 million transactions per day.

Enterprises Coming to Blockchain Ecosystem

Hedera offers enterprise-level blockchain. It opened the network for public last year and has seen a considerable surge in new enterprise applications since then. Companies working in sectors like advertising tracking, healthcare and pharmaceuticals, supply chain management, data privacy, decentralized finance (DeFi) and other financial services, retail, media, and technology are using Hedera blockchain for their application.

The recent surge in dApps on Hedera blockchain has resulted in achieving a historical transaction per day record.

“We are thankful to the Hedera community as we complete year one of our 100-year journey,” said Leemon Baird, co-founder and Chief Scientist of Hedera. “None of this would be possible without our committed developers, advocates, ecosystem partners, and Council members. We make it our mission to enable you, as simply and efficiently as possible, to leverage Hedera Hashgraph as the trust layer of the internet. While there is much work to be done, we are proud of what this community has accomplished in just a mere 365 days, and are excited to build on this growth in the year to come.”

Hedera Hashgraph achieved daily transaction volume equal to the leading blockchain platform, Ethereum in the past 12 months. Not to mention that Ethereum has recorded 30-40,000 transactions per day in its first year of operation.

That means Hedera has achieved an 18x record in the first year by submitting an average of 750,000 transactions per day in the past months. The past month has seen another achievement for Hedera that recorded 1.5 million transactions per day.

HBAR, Hedera’s main cryptocurrency has experienced considerable growth in the past year, too. Many providers have added this coin to their ecosystem that makes it easier for developers to provide financial use-cases in their dApps.

If you found this article interesting, here you can find more Blockchain and cryptocurrency news


Follow us on Social Networks

Crypto Tutorials

Crypto Reviews