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ETH VS BSC | BSC overtakes ETH in numbers of transactions per day | Line Chart Race Animation by dalz

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· @dalz · (edited)
$27.66
ETH VS BSC | BSC overtakes ETH in numbers of transactions per day | Line Chart Race Animation
The Binance Smart Chain [BSC] is experiencing an explosive growth in the last weeks. A lot of new projects coming around mostly about DeFi, AMMs, yield aggregators etc. 

Most of this growth is due to the ridiculously high gas fees on ETH right now that for some operations are more than a 100$. The BSC fees are in the range of a few cents. This being said it should be noted that BSC operate in a semi decentralized manner. Not just in terms who is electing the validators (hint the BNB holders) but also in terms of depositing and withdrawals on the chain. 

The Binance Smart Chain went live on the end of August 2020. 

**The line chart animation is for the period Aug 29, 2020 – Feb 9, 2021.** 


https://www.youtube.com/watch?v=flHqZYiWiw4

In the period above the Ethereum blockchain had almost constant number of transactions between **1.1M to 1.3M** per day.

The BSC chain started with under 100k transactions in September 2020, then increased the numbers of transactions in the range of 100k to 300k per day up until the end of January. 
From the end of January 2021, the BSC network experienced a massive growth in the numbers of transaction going from around a 300k to 1.6M transactions per day on February 9, 2021 when it overtakes Ethereum in numbers of transactions.

A lot of people will argue the decentralization of the BSC network including me, but ETH is at this point out of reach of so many people. I used to say don’t make transactions on ETH under 1k USD. Now I say don’t make transactions on ETH under 10k USD. With these numbers in mind how many people can afford ETH at this moment? Its not an inclusive environment for sure. The fees are reflection of the market for sure, and there are people who don’t mind them, but also people who mind them. Another interesting thing is that without options like BSC, ETH fees might be even higher. 

All the best
@dalz

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vote details (465)
@azircon ·
$0.14
Coins which won't be on BSC, now will be at a disadvantage. Uniswap is not usable anymore.
👍  ,
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@abh12345 ·
I can't hear you down here, time to post :D
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@hivebuzz ·
Congratulations @dalz! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@dalz/upvotes.png?202102121130"></td><td>You distributed more than 68000 upvotes.<br>Your next target is to reach 69000 upvotes.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@dalz) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Check out the last post from @hivebuzz:**
<table><tr><td><a href="/hivebuzz/@hivebuzz/tour-introduction"><img src="https://images.hive.blog/64x128/https://i.imgur.com/fGvKvvn.png"></a></td><td><a href="/hivebuzz/@hivebuzz/tour-introduction">Time to go on your Hive Tour</a></td></tr></table>
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@poshbot ·
https://twitter.com/Dalz19631657/status/1359569241494724614
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@resiliencia.leo ·
The animated chart is really cool!  :D

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@resiliencia.leo/re-dalz-6afeba)
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@revisesociology ·
My strategy with ETH is just don't touch the damn stuff until ETH 2.0 is ready to go. 

I need to explore BSC and other alternative staking options for sure!
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@dalz ·
BSC has literaly exploded in the last two weeks
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@sanjeevm ·
> don’t make transactions on ETH under 10k USD

Then its definitely out of reach for many. Hive has got a nice opportunity because of this.
👍  
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@renovatio ·
Quite agree on this. HIVE has a window of about 10 months to offer enough products, liquidity and volume to the market that makes marker makers and yield hunters make the jump.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@renovatio/re-sanjeevm-3wtwnk)
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@uyobong ·
I'm afraid for the future of ETH with the high fees. Many are seeking for alternatives to evade the fees.

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