Ethereum

Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>Bitcoin <a href="https://cryptoslate.com/mempool-overload-leads-to-increasing-bitcoin-transactions-costs/">transaction fees</a> have eclipsed Ethereum’s on a single-day basis, reaching a notable $11.6 million, a feat not seen since late 2020, according to <a href="https://cryptofees.info/">Cryptofees</a>.</p> 
<p>This surprising surge is attributed to an increasing <a href="https://cryptoslate.com/insights/bitcoin-brc-20-tokens-near-1-5-billion-market-cap-amid-inscription-frenzy/">inscription frenzy</a>. 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.</p> 
<table> 
 <thead> 
  <tr> 
   <th>Name</th> 
   <th>1 Day Fees</th> 
   <th>7 Day Avg. Fees</th> 
  </tr> 
 </thead> 
 <tbody> 
  <tr> 
   <td>Bitcoin</td> 
   <td>$11,630,637.52</td> 
   <td>$5,555,761.45</td> 
  </tr> 
  <tr> 
   <td>Ethereum</td> 
   <td>$8,445,996.89</td> 
   <td>$9,090,537.34</td> 
  </tr> 
 </tbody> 
</table> 
<p style="text-align: center; font-size: small;">Source: Cryptofees</p> 
<p>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.</p> 
<figure id="attachment_374881" aria-describedby="caption-attachment-374881" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-374881 size-large" src="https://cryptoslate.com/wp-content/uploads/2023/11/image-1-1024x576.png" alt="" width="1024" height="576" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/image-1-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/image-1-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/image-1-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/11/image-1-1536x864.png 1536w, https://cryptoslate.com/wp-content/uploads/2023/11/image-1.png 1800w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption id="caption-attachment-374881" class="wp-caption-text">
  BTC vs Ethereum Fees: (Source: Glassnode)
 </figcaption>
</figure> 
<p>The post <a href="https://cryptoslate.com/insights/bitcoin-outstrips-ethereum-in-daily-transaction-fees-for-first-time-since-2020/">Bitcoin outstrips Ethereum in daily transaction fees for first time since 2020</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin outstrips Ethereum in daily transaction fees for first time since 2020

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