



As the world’s leading digital currency, Bitcoin, continues to make headlines thanks to its recent price performance, Ethereum has achievements of its own. In fact, LongHash recently noted that Ethereum’s short-term ROI outperformed Bitcoin between April 17 and May 17, 2019.





Now, the number of Ethereum transactions occurring each day is up significantly in the last three months. According to Etherscan.io, the number of transactions that took place on the Ethereum network was over 735,400 on May 18.

















Three months ago, on February 18, this figure was reportedly around 512,460. This marks an increase of around 44% between these two dates.





Further, Etherscan lists the total daily Gas used on the Ethereum network at around 31 billion on February 18. Three months later, this figure has jumped to 48 billion Gas.





Around 21,000 Gas is used in the standard Ethereum send or receive transaction, though complex smart contract transactions can consume ten times as much. The average Gas used per transaction was around 60,785 Gas on February 18 (31,150,000,000 / 512,460) and 65,299 Gas (48,021,000,000 / 735,400) on May 18. This could indicate that more transactions are leveraging the network in order to operate smart contracts, rather than as a means of only conducting payments.



