EOS Passes Ethereum in Crypto Transaction Volume Due to Onslaught of Spam
EOS has jumped past Ethereum (ETH) in crypto transaction volume, thanks to a tidal wave of spam.
According to Blocktivity, EOS grabbed the number two spot on Sunday after surging past Ethereum and Steem in a matter of hours.
The massive volume is apparently due to a crush of spam from a smart contract called Blocktwitter, which is not related to the actual Twitter.
The smart contract is creating hundreds of transactions every second that include a message saying “WE LOVE BM.”
A chart from the EOS TITAN explorer shows just how much of the transaction volume Blocktwitter is taking up. The massive mountain of dark blue is all Blocktwitter.
The EOS network appears to be taking the huge number of transactions in stride.
Despite all the spam, EOS is operating at just 0.16% of its total capacity, according to Blocktivity’s Capacity Utilization Index.