Dash; In 2020, the average daily transaction volume grew significantly in terms of the number of users and individual payments.
The fourth-quarter live stream shared by Dash Core Group on Thursday reported that average trade volumes rose 282 percent year on year from $ 9.8 million to $ 37.4 million. Average transaction volume increased by 48 percent on a quarterly basis.
Total payment volume increased by 80 percent compared to the previous year and reached $ 916 million. Commercial payment values increased 37.3 percent year over year. On the other hand, Bitcoin (BTC) and Bitcoin Cash (BCH) were left behind by exceeding 22 thousand transactions per day.
The quarterly report revealed that DASH is now accepted as a payment method in thousands of stores, and is being adopted by the mainstream more and more. “In January, Dash outperformed Bitcoin in terms of the number of physical retailers accepting digital payments in the United States,” Dash Core Group said.
It was further adopted by vendors in January after Dash partnered with CrayPay, a US loyalty program, to enable Dash spending at major retailers such as American Eagle, CVS, Domino’s Door Dash and Gap.
Dash has also been grouped together with Monero (XMR) and Zcash (ZEC) as a privacy-based currency that can no longer be traded on the United States-based digital currency exchange Bittrex.
Dash opposed the definition of a “privacy-based coin”, arguing that technically the cryptocurrency “has no more privacy functionality than Bitcoin”.
From a technical standpoint, Dash’s privacy functionality is no greater than Bitcoin’s, making the label of “privacy coin” a misnomer for Dash. We have reached out to @BittrexExchange to request a meeting with their compliance team. Hopefully this will be rectified soon. https://t.co/QA66OoshPn
— Dash (@Dashpay) January 1, 2021
Dash is currently the 44th largest cryptocurrency by market cap. The total market value is just over $ 1.1 billion.