Ethereum continues to show significant network growth, while PlutoChain offers new scalability options for Bitcoin.
Ethereum: Growth Amid Fluctuations
Ethereum is experiencing a surge in wallet creation, with over 206,000 new addresses in a day, the highest since October 2022, indicating strong interest. Institutional flows into Ethereum ETFs are also notable, with $139 million recorded in January, with the bulk from BlackRock’s ETHA ETF. The Ethereum Foundation's strategic sales of 100 ETH at $3,078 per token are seen as moves for long-term stability.
PlutoChain's Impact on Bitcoin
PlutoChain develops a Layer 2 solution for Bitcoin scalability, featuring Ethereum Virtual Machine (EVM) compatibility, allowing Ethereum-based dApps to function on Bitcoin's network. PlutoChain ensures 2-second block times, 43,200 transactions per day, and undergoes audits from firms like SolidProof.
Overall Conclusion
Ethereum's network growth impresses amidst market volatility. PlutoChain promises to enhance Bitcoin's capabilities with its Layer-2 framework and EVM compatibility, making the network more functional.
Ethereum continues to grow with new user and institutional investments. PlutoChain may play a significant role in enhancing Bitcoin's functionality.
