Vechain the new Ethereum killer? Surpasses Ethereum in blockchain activity
Vechain’s new partnership with Walmart has made headlines. Vechain not only has become an investors favorite recently but investors are actually saying Vechain might overtake Ethereum with the new partnership.
On 25th June, Vechain’s founder and CEO, Sunny Liu, announced on Twitter that Vechain will be providing its enterprise blockchain to Walmart China via PwC for tracking of the food supply chain. The news immediately propelled up the price of Vechain by 30%.
That’s not all, three days after the announcement blockchain activity of Vechain has also tripled and surpassed that of Ethereum.
— DontShowMeTheMemelines (@DMemelines) June 28, 2019
Blockchain activity is defined as any activity taking place on a blockchain – that includes transactions, creation of new address, movement of funds, execution of smart contracts, etc. Blockchain activity is a healthy indicator of a good project. High blockchain activity means that more people are engaging with the blockchain.
Vechain has fallen since it’s 30% rise and is trading at $0.008 with a market capitalization of $440 million.
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