Bitcoin transaction fees eclipsed those of Ethereum on a single day, reaching a notable $11.6 million, a feat not seen since late 2020, according to Cryptofees.
This surprising increase is attributed to a growing registration frenzy. In comparison, Ethereum’s daily transaction fees remain slightly lower at $8.5 million. However, over a seven-day period, Ethereum maintains its dominance by generating an average of $9 million in transaction fees, surpassing Bitcoin’s average of $5.5 million, according to Cryptofees.
|Name||1 day rates||7-day average. Costs|
Source: Crypto Fees
It is essential to understand that even though these markers denote a slight paradigm shift in daily metrics, Ethereum still maintains the advantage in the weekly comparison. This emerging trend merits further observation to decipher the potential long-term implications on digital currency dynamics.
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