A New Way to Compare Bitcoin Cash to Bitcoin

For most of that period, it remained around 12 percent to that of BTC. The price saw all-time-highs of around 20 percent of BTC in the fall 2017 rally but slowly diminished back down to normalcy.

Transaction volume occurring on the BCH blockchain remained on average under ten percent of BTC's on-chain volume throughout the year.

This last month saw the number of transactions consistently increasing to about 30 to 50 percent of BTC's. This could signal increased microtransactions due to new app development or stress testing by large entities.

"When high fees and slow confirmation times began plaguing BTC, I shelved bitcoin projects that I had been working on steadily for years...I know I wasn't alone in walking through 2017 feeling discouraged...In this past year, Bitcoin Cash has brought hope and creative exploration back to bitcoin."

BCH volume transacted on exchanges reached all-time-highs in 2017, even briefly exceeding BTC's exchange volume on August 19 and November 11.

Over 100 exchanges currently list BCH, many of which added the support in Q3 of 2017.

When the general crypto rally of fall 2017 dissipated, exchange activity withered away to 8 percent of BTC's volume in Q1 and 12 percent in Q2. Developer activity on the protocol level has been relatively low for BCH. While it benefits from the legacy code from before the fork, since then the breakaway network has not maintained the same level of developer interest as BTC. Social signals.

The most unique observation concerns bitcoin cash's high levels of social activity, reaching about 57 percent of BTC's. The sub-factor driving much of this phenomenon is the posting on the BCH-oriented r/btc subreddit.

BCH on-chain and developer activity remained low relative to BTC, but exchange activity drastically fluctuates with speculation.

Bitcoin cash's price has been able to stay afloat this past year, thanks in no small part to the small but strong group of social communities invigorating this coin.