The following is a logarithmic chart of transactions per day in some of the top cryptos. They are not all the top cryptos by market cap, but if you investigate the other most capitalized cryptocurrencies such as Ripple, NEM, and Ethereum Classic you will find that they have trivial transaction per day counts.
Steem is vastly surpassing even the top cryptocurrencies (Bitcoin and Ethereum) in transactions per day. On Tuesday Steem did over 820,000 transactions, that's over three times what Bitcoin did on the same day. Some argue that the metric gives an unfair advantage to Steem because Steem transactions are free and they are mostly votes etc. They are not the equivalent to Bitcoin transfers. To the former I say, well yes, the fact that Steem transactions are free are a huge selling point, it is one of Steem's best advantages so of course it results in more transactions. The same can be argued for the latter point, yet Ethereum and Dash also allow a wider range of transaction types, including votes in Dash, yet they achieve nothing like the engagement that Steem does.
All that said, let's concede the latter point. Let's only look at transfers on the Steem blockchain, while comparing them to all transactions on the others. On Tuesday, Steem did over 12,000 transfers. Ok, so it still has some way to go before those are comparable to Bitcoin*. However, it's more than twice Dash, and nearly 4 times Monero, much more well established cryptocurrencies with higher market caps. More impressively, it is on the same level as Dogecoin (12,500) and Litecoin (16,600). Further, none of those other cryptos have beaten their peaks since June. Steem is still breaking records right now. If trends continue, Steem transfers will surpass Litecoin in a matter of days or weeks.
The growth of Steem is not yet recognized by the market. Cryptocurrency is experiencing an enormous bubble, and that's why new coins can appear with hundreds of millions of dollars in capitalization on the first day. Like with the DotCom bubble, most of these will turn out to be nothing but hype, but there are real opportunities as well. Even at the height of that bubble Google and Amazon and PayPal would have been amazing buys, if you looked past the hype of Pets.com and found the real businesses. There is only one crypto which is genuinely reaching a large audience for more than just speculation, and for that reason I'm continuing to focus mostly on Steem.
* Side note: Other than a brief spike in 2011, it took Bitcoin 3 years and 5 months to reach 12,000 transactions per day. Back then Bitcoin transactions were free.
