The Genesis Stakers of Ethereum 2.0 pushed the total number of Ethereum nodes above the number of Bitcoin nodes for the second time this year.
According to Ethernodes.org, 11,259 Ethereum nodes are currently active, which is around 1% ahead of Bitcoin’s 11,136. The number of nodes in Ethereum last exceeded that of Bitcoin in early September.
The number of Ethereum nodes has increased by more than 50% in the past two weeks, rising from 8,086 on November 15th – 11 days after the Eth2 deposit agreement went into effect. Ethereum’s node count surpassed that of Bitcoin on November 30th.
According to the “Flippening” index of the Blockchain Center, which is supposed to track the strength of the Ethereum network compared to Bitcoin, the increase in the number of nodes increased from 50.5% to 62.4% over the course of November.
According to the index, in addition to the number of transactions and the transaction fees, the number of nodes is the third important on-chain metric in which Ethereum has currently “flipped” Bitcoin.
Etherscan estimates that Ethereum processed nearly 1.2 million transactions in the past 24 hours, compared to Bitcoin’s 300,000. Ethereum has also processed transaction fees worth $ 3.6 million in the past 24 hours, while Bitcoin fees were worth nearly $ 1.4 million.
The Flippening Index estimates that Ethereum posted a two-year high of 67.68% for strength versus Bitcoin in early September due to the DeFi boom in the third quarter.
The creation of the Eth2 beacon chain begins in a few hours. The start of the deposit agreement allowed ETH holders to determine their Ethereum for staking, exceeding the 524,288 Ether required to start the beacon chain a few hours before the November 24 deadline.
According to Beaconcha.in, 878,808 ethers have now been sent to the deposit contract. The creation of the chain of beacons will lay the foundation for the splintering and the proof of use.