Fantom Transactions Surpass Ethereum as Users Look to Farm Yields

Posted on by American Coins & Gold

Fantom Transactions Surpass Ethereum as Users Look to Farm Yields
Transactions on Fantom exceeded those of Ethereum for the first time ever on Monday, as investors seek newer avenues to farm yields and accrue value.In the past 24 hours, over 1.2 million transactions were processed on the Fantom network, data from blockchain tracker Fantomscan showed. This was slightly higher than Ethereum’s 1.1 million transactions, as per data from Ethereum tracker Etherscan.With fifty-five validators maintaining the network, Fantom processed upward of eight transactions per second (tps) on Monday compared to Ethereum’s current rates of under 2 tps, data showed. Ethereum transactions are now at August 2021 levels, far below the May…