Ethereum 2.0 genesis stakers have pushed the total number of Ethereum nodes past the number of Bitcoin nodes for the 2d time this year.

According to Ethernodes.org, 11,259 Ethereum nodes are currently active, giving it a roughly ane% lead over Bitcoin'southward 11,136. Ethereum's node count concluding surpassed Bitcoin'due south in early on September.

The number of Ethereum nodes has increased by more than 50% in the by two weeks or and so, spiking from viii,086 on Nov. 15, just eleven days after the Eth2 deposit contract went live. Ethereum's node count overtook Bitcoin's on Nov. 30.

Ethereum celebrated node count: Ethernodes.org

According to Blockchain Eye's "Flippening" index, which seeks to rails the strength of Ethereum's network relative to Bitcoin, the surge in node counts has seen the index proceeds from fifty.5% to 62.4% over the grade of November.

The Flippening Index: Blockchain Center

According to the index, node count is the third major on-chain metric on which Ethereum has currently "flipped" Bitcoin, aslope transaction count and transaction fees.

Etherscan estimates that Ethereum processed nigh 1.2 million transactions in the past 24 hours, compared to Bitcoin'due south 300,000. Ethereum likewise processed $iii.six million worth of transaction fees in the terminal 24 hours, while Bitcoin fees were worth close to $1.four 1000000.

The Flippening Index estimates that Ethereum posted a two-year high of 67.68% for strength relative to Bitcoin in early September due to the 3rd-quarter DeFi boom.

Eth2's beacon chain genesis kicks off in just a few hours from at present. The launch of the deposit contract allowed ETH holders to designate their Ether (ETH) for staking, with the 524,288 Ether required to initiate the beacon chain's launch existence surpassed merely hours before its deadline on Nov. 24.

Co-ordinate to Beaconcha.in, 878,808 Ether have now been sent to the deposit contract. The beacon concatenation's genesis will lay the groundwork for sharding and proof-of-pale.