Bitcoin falls to sixth for daily revenue, with just 12% of Ethereum's fees
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 such, Ethereum’s daily fees beat out Bitcoin’s by 8.4 times for the past week, and by more than 15 times for July 18.
Uniswap V3 ranked second with an average of $1.5 million in daily fees, followed by Binance Smart Chain with $1.2 million, Uniswap V2 with $732,000, Aave with $728,000, and then Bitcoin. Twitter user “odin free” tweeted the findings, likening Ethereum’s network strength relative to Bitcoin to Facebook’s rise to dominance over Myspace during the late 2000s.
Bitcoin’s slide down the fee rankings comes as Ethereum’s forthcoming London upgrades spark renewed speculation whether the leading crypto asset by market cap will be flipped amid the Eth2 rollout. On July 14, crypto analyst Lark Davis tweeted data indicating that Ethereum’s daily on-chain settlement value is trending at triple that of Bitcoin. Davis noted the increasing popularity of layer-two scaling solutions for Ethereum is likely to increase the disparity.
“I highly suspect this gap will increase now that we have layer twos like Optimism coming online,” he said.
Ethereum is also beating out Bitcoin by total transaction count by roughly 500%, and has enjoyed brief stints leading BItcoin by transaction volume, trading volume, and node count over recent months.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 75.2% | 52 | $56 258.13 | -1.35% | -3.39% | $1 062 685 871 647 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.8% | 32 | $4 489.75 | -2.02% | 0.62% | $532 409 655 839 |  |
|
| 3 |  BNB |
Binance Coin predictions | 80% | 34 | $611.27 | -1.84% | -6.27% | $101 960 292 775 |  |
|
| 4 |  USDT |
Tether predictions | 93.2% | 1 | $1.000332 | -0.08% | -0.03% | $74 127 743 219 |  |
|
| 5 |  SOL |
Solana predictions | 70% | 59 | $228.23 | 0.71% | 10.70% | $69 756 769 207 |  |
|
| 6 |  ADA |
Cardano predictions | 63.6% | 75 | $1.67 | 7.55% | 1.04% | $55 541 807 746 |  |
|
| 7 |  XRP |
XRP predictions | 68% | 69 | $0.966682 | -1.39% | -6.74% | $45 673 121 634 |  |
|
| 8 |  USDC |
USD Coin predictions | 95.6% | 2 | $1.000586 | 0.01% | 0.05% | $39 076 707 256 |  |
|
| 9 |  DOT |
Polkadot predictions | 62% | 77 | $35.31 | -2.83% | -9.08% | $34 868 955 794 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 59.2% | 80 | $0.206922 | -0.17% | -5.39% | $27 388 014 340 |  |
|
| 11 |  LUNA |
Terra predictions | 69.6% | 68 | $66.14 | 3.27% | 50.17% | $25 662 261 357 |  |
|
| 12 |  AVAX |
Avalanche predictions | 61.2% | 75 | $106.91 | -9.78% | -8.11% | $23 943 836 667 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 65.6% | 78 | $0.000042 | -2.73% | 1.55% | $22 792 818 490 |  |
|
| 14 |  CRO |
Crypto.com Chain predictions | 56% | 89 | $0.692197 | -3.51% | -8.23% | $17 486 981 094 |  |
|
| 15 |  MATIC |
Polygon predictions | 68.4% | 63 | $2.09 | -0.73% | 11.57% | $14 682 483 901 |  |
