Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum following a frenzy of Ordinals-related activity on the Bitcoin network.
On Nov. 20, the average daily transaction fee for Bitcoin stood at $10.34, while Ethereum’s transaction fees came to an average of $8.43, according to BitInfoChart data.
Bitcoin’s average daily trading fee notched a new six-month high on Nov.16, reaching a peak of $18.67, while Ethereum fees reached $7.90.
Bitcoin’s average daily fees have surged above Ethereum’s in the last five days. Source: BitInfoCharts
The sudden uptick in Bitcoin transaction fees stems from a renewed market appetite for assets inscribed with the Ordinals…
Read more on Cointelegraph