Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average. According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with the other 77.75% coming from block rewards. The share of fee revenues is currently the highest it has been since the plateau of the last all-time high in January 2018 — which followed fee revenues spiking to almost a 45% share during the previous month.
The latest spike follows a jump in average daily Bitcoin fees in recent days, launching into double-figures in dollar terms for the only time except for the period between November 2017 and January 2018.
Despite the share of mining revenue represented by fees tripling in the past month for Bitcoin miners, Ethereum (ETH) miners are still raking in more fees. Ethereum fees recently outpaced those generated by Bitcoin for the longest streak ever, owing to stablecoin use and the exploding decentralized finance (DeFi) sector built on the Ethereum network.
After first overtaking Bitcoin on June 6, Ethereum’s fee revenue exceeded Bitcoin’s until Oct. 22, with two momentary exceptions at the end of July and the start of August.
While Bitcoin momentarily reclaimed its fee dominance last week, Ethereum’s fees have again been higher since Oct. 25. As of this writing, Ethereum fees totaled $1.74 million over the past 24 hours, compared to Bitcoin’s $1.54 million, according to Messari.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 76.8% | 42 | $70 181.59 | -0.59% | 9.12% | $1 380 285 312 968 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 76% | 50 | $3 549.53 | -0.77% | 4.33% | $426 194 485 316 | ||
3 | USDT | Tether predictions | 91.6% | 1 | $1.000206 | 0.07% | -0.01% | $104 525 818 800 | ||
4 | BNB | Binance Coin predictions | 63.6% | 80 | $615.62 | 4.81% | 8.81% | $92 057 057 069 | ||
5 | SOL | Solana predictions | 61.2% | 88 | $185.71 | 0.24% | 7.54% | $82 530 358 500 | ||
6 | XRP | XRP predictions | 84% | 28 | $0.629847 | 1.42% | 2.16% | $34 568 671 339 | ||
7 | USDC | USD Coin predictions | 92% | 2 | $1.000077 | 0% | 0% | $32 492 648 969 | ||
8 | DOGE | Dogecoin predictions | 70% | 66 | $0.213858 | -1.24% | 37.38% | $30 723 668 610 | ||
9 | ADA | Cardano predictions | 67.6% | 66 | $0.652274 | 0.14% | 5.07% | $23 210 538 187 | ||
10 | AVAX | Avalanche predictions | 60.4% | 87 | $53.79 | -0.95% | -1.78% | $20 299 633 012 | ||
11 | SHIB | SHIBA INU predictions | 54.8% | 94 | $0.000031 | -4.56% | 14.80% | $18 193 408 608 | ||
12 | TON | Toncoin predictions | 60.4% | 86 | $4.91 | -0.70% | 14.73% | $17 036 072 542 | ||
13 | DOT | Polkadot predictions | 73.6% | 49 | $9.56 | -0.09% | 5.57% | $13 642 215 721 | ||
14 | BCH | Bitcoin Cash predictions | 72.4% | 57 | $634.20 | 10.67% | 56.80% | $12 482 514 661 | ||
15 | LINK | Chainlink predictions | 80% | 42 | $18.96 | -3.16% | 5.47% | $11 130 742 548 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.