dogecoin founder Billy Markus, in an on-chain data from 2014, indicates that Dogecoin is the number of transactions per day. from bitcoin He shared the graphic that he was superior and said that this should be their goal as a community.
In 2014, Dogecoin Overtook Bitcoin in On-Chain Data
Cryptocurrency In the chart shared by Markus, one of the well-known names in the world, it is seen that Dogecoin has approximately 100,000 transactions per day, while Bitcoin is around 50,000 transactions in the same time period.
Markus, in his sharing where he evaluated the data, said that one day he wanted DOGE to have such an advantage over Bitcoin again.
bitcoin transactions vs dogecoin transactions, 2014 numbers
would be nice to get back to this level of on-chain usage! pic.twitter.com/CT3Lyp2wCr
— Shibetoshi Nakamoto (@BillyM2k) February 27, 2022
When we come to 2022, the situation looks completely different. Bitcoin currently has an average of 220,000 transactions per day, while the same value is around 25,000 for Dogecoin.
In 2014 DOGE Was The Only One Of Its Kind
The reason why there was such an interesting difference between the two cryptocurrencies in 2014 was actually due to the interest the Blockchain industry showed in DOGE at the time.
At that time, DOGE was the most popular meme coin on the market, with no competitors of the same type.
However, the popularity of DOGE has been on a relative decline lately, with the number of prank coin-themed projects increasing. DOGE’s biggest competitor, the Shiba Inu, exploded with over 1,000% gains last year.
With the bulk of Dogecoin’s trading volume and purchasing power concentrated in the hands of individual investors, the spotlight was on this coin after the launch of the popular Shiba Inu.
Although other meme tokens are also preferred by investors, some companies led by Tesla continue to highlight DOGE for their own products.