 ​
Bitcoin transaction fees have eclipsed Ethereum’s on a single-day basis, reaching a notable $11.6 million, a feat not seen since late 2020, according to Cryptofees.
This surprising surge is attributed to an increasing inscription frenzy. Comparatively, Ethereum’s daily transaction fees rest at a slightly inferior $8.5 million. However, when projected onto a seven-day scope, Ethereum retains its dominance by generating an average of $9 million in transaction fees, outpacing Bitcoin’s $5.5 million average, according to Cryptofees.
Name1 Day Fees7 Day Avg. FeesBitcoin$11,630,637.52$5,555,761.45Ethereum$8,445,996.89$9,090,537.34
Source: Cryptofees
It is pivotal to understand that while these markers denote a slight paradigm shift in daily metrics, Ethereum still maintains an upper hand in the weekly comparison. This emerging trend warrants further observation to decipher potential long-term implications on the digital currency dynamics.
BTC vs Ethereum Fees: (Source: Glassnode)
Â
Post Disclaimer
The information provided in our posts or blogs are for educational and informative purposes only. We do not guarantee the accuracy, completeness or suitability of the information. We do not provide financial or investment advice. Readers should always seek professional advice before making any financial or investment decisions based on the information provided in our content. We will not be held responsible for any losses, damages or consequences that may arise from relying on the information provided in our content.