Ethereum’s fees higher than Bitcoin’s for a record two straight months
The Ethereum network has taken more in fees than Bitcoin for a record streak, but a fee reform proposal faces an uphill battle. Ethereum (ETH) transaction fees have exceeded those on the Bitcoin (BTC) network for two months straight.Crypto market data aggregator Messari tweeted about the streak on October 8, noting it is the longest period that Ethereum’s transaction fee revenue has exceeded Bitcoin’s in the crypto asset’s history. Ethereum fees have been higher than Bitcoin fees for 2 months straight. It's longest streak ever pic.twitter.com/2KgnNBcrrT— Messari (@MessariCrypto) October 8,....
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Ethereum’s price has stagnated over recent weeks. After peaking at $490 last month, the coin has dropped around 30% to $340 as of this article’s writing. At the recent lows, ETH was trading as low as $310. Ethereum’s hash rate has continued to march higher despite the price of ETH falling. This may be related to the extremely high transaction fees collected by miners over recent weeks and months. The spike in transaction fees is […]
Messari estimates Ethereum’s daily transaction volume is now 28% greater than Bitcoin's. The daily volume of transactions on the Ethereum (ETH) network is now 28% greater than on Bitcoin (BTC), according to crypto analytics firm Messari.On Jan. 19, Messari’s Ryan Watkins tweeted that Ethereum’s daily transaction volume “is going parabolic” alongside a chart indicating that Ethereum and Ethereum-powered stablecoins have processed $12.3 billion in transactions over the past 24 hours — dwarfing Bitcoin and Omni-based USDT’s $9.3 billion.Ethereum's daily transaction volume is going....
Ethereum continues to outpace Bitcoin in transaction fees, with DeFi mania helping push total fees to $166 million last month.
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Ethereum, Uniswap, Binance Smart Chain, and Aave are all beating out Bitcoin by daily fee revenue. Ethereum appears to be extending its fee dominance over Bitcoin by roughly 10 times, with Bitcoin currently ranking just sixth by weekly fee generation.According to CryptoFees’ data for July 18, the Bitcoin network had generated $725.7 million in daily fees on average over the past seven days, and less than $400,000 worth of fees for the day.Ethereum tops the rankings by far, generating more than $6.1 million in daily fees on average for the week, and more than $5 million for the day. As....