Bitcoin fees spike 198% but Ethereum still more profitable
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 60.8% | 76 | $61 099.21 | -0.30% | 0.74% | $1 151 847 643 802 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 68.4% | 57 | $4 083.71 | 2.56% | 4.82% | $482 065 073 371 |  |
|
| 3 |  BNB |
Binance Coin predictions | 72.4% | 60 | $480.67 | -0.49% | 2.62% | $80 176 884 535 |  |
|
| 4 |  ADA |
Cardano predictions | 90.8% | 12 | $2.15 | 0.02% | -2.34% | $70 880 156 335 |  |
|
| 5 |  USDT |
Tether predictions | 96% | 1 | $1.000558 | 0.07% | 0.05% | $69 612 945 849 |  |
|
| 6 |  SOL |
Solana predictions | 71.6% | 54 | $198.35 | -4.94% | 24.11% | $59 667 119 730 |  |
|
| 7 |  XRP |
XRP predictions | 70.8% | 52 | $1.088126 | -1.24% | -5.66% | $51 083 527 283 |  |
|
| 8 |  DOT |
Polkadot predictions | 63.2% | 79 | $43.69 | -1.31% | 2.76% | $43 145 201 356 |  |
|
| 9 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000801 | 0.06% | 0.09% | $32 549 535 289 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 70% | 56 | $0.246378 | 2.64% | 3.03% | $32 476 171 822 |  |
|
| 11 |  LUNA |
Terra predictions | 68.8% | 65 | $42.80 | -0.97% | 15.22% | $17 186 220 177 |  |
|
| 12 |  UNI |
UniSwap predictions | 74% | 48 | $26.39 | 2.35% | -4.01% | $16 144 167 003 |  |
|
| 13 |  AVAX |
Avalanche predictions | 69.6% | 65 | $65.39 | -2.19% | 9.22% | $14 404 285 656 |  |
|
| 14 |  LINK |
Chainlink predictions | 76.4% | 47 | $30.80 | 7.06% | 9.07% | $14 200 072 797 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 63.2% | 75 | $61 145.48 | -0.24% | 0.77% | $13 561 619 013 |  |
