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.
1 Day Fees
7 Day Avg. Fees
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)
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