Bitcoin Cash (BCH) proponents have recently been discussing the amount of value participants have been sending onchain. For quite some time now, statistics show the BCH chain has been moving more money than the ETH network in terms of USD value sent per day. With extremely low network fees, a good portion of people are choosing to move funds onchain with the Bitcoin Cash network.
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Bitcoin Cash Moves Lots of Value Regularly
BCH is currently the blockchain that moves the second-highest amount of value per day and the network has kept this pace week over week for a while now. News.Bitcoin.com reported on the transaction volume or the total amount of value transacted through the blockchain back in July. Peter Ryan the founder of Ryan Research did a comprehensive report on the transaction volume. “While Bitcoin Cash might be fifth by market cap, its transaction volume is now 2nd,” explained Ryan’s analysis at the time. “Around mid-May, that volume started to…