The average regular transaction rates across the Ethereum platform are now equal to those of the Bitcoin (BTC) network.

According to blockchain analytics company Messari, the Ethereum network’s average value transfer — the cumulative amount of assets transferred over a day on the blockchain — started rivaling those on the Bitcoin network as of April 12, around $1.5 billion. Money transferred on Ethereum includes the blockchain-supported Ether (ETH) and other stablecoins, most notably Tether (USDT).

The parity is largely a product of the Bitcoin network’s success, which in July 2019 reached a peak of over $3 billion in regular transactions. However, wasn’t to maintain that amount even as the value on Ethereum grew. The second-largest cryptocurrency in regular transactions hit $115 million in December 2018 and has gradually risen to around $1.5 billion today.

The Bitcoin network also saw growth in its daily value transfer starting in January, but after the crypto bloodbath in March it has been less used.

Ethererum beats Bitcoin in transactions per second

It isn’t the first metric Ethereum’s beat Bitcoin on. The transactions by second (TPS) of the Bitcoin network reached all-time high at 4.7 during 2017. It has fallen this year following the contraction on March 12 and the network handles just under three transactions per second at present.

At the other hand, Ethereum peaked in 2018 at 15 TPS. And is currently handling about nine transactions per second at its network. (Yes, TPS is a rather simplistic measure due to transaction batching and second-layer solutions, etc.) before you complain on Twitter.

Developers flocking to Ethererum, not Bitcoin

While both networks have a good number of core developers of the protocol for their needs. Ethereum is by far the most involved. Effective March 7, the Ethereum network had on average 99 monthly developers, with Bitcoin coming in second with 47.

The number of developers contributing code to the respective depositories of the blockchains, on a larger scale, has Ethereum miles ahead. On average, every month 216 developers add code to the Ethereum blockchain depositories, while Bitcoin averages just over 50.

But Bitcoiners have the last laugh at 1 BTC’s price forty times greater. Than 1 ETH, while Ether’s total supply is only about five times larger.