Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Nostoman on June 09, 2020, 02:43:43 AM
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Daily Ethereum network fees have surpassed those of the Bitcoin network and the gap is growing, recent data suggests.
Daily Ethereum network fees surpassed those of the Bitcoin (BTC) network for two consecutive days on June 6 and June 7, data obtained by on-chain market analysis firm Glassnode shows.
According to Glassnode, on June 6, the total amount in fees spent on the Ethereum network added up to $498,000, compared to Bitcoin’s $308,000. The gap continued to widen the next day, totalling $540,000 and $258,000 represectively.
The “feepening”
This is the second time Ethereum network fees have topped Bitcoin’s this year. On March 12, there was a sudden spike in Ethereum network fees, which totalled almost $800,000, greatly exceeding the amount paid by Bitcoin users on the same day. The Ethereum network was experiencing major congestion at the time, which likely prompted users to pay more fees for their transactions.
Source: https://cointelegraph.com/news/ethereum-topped-bitcoin-in-network-daily-fees-over-weekend