Data: Ethereum transaction fees are still higher for now despite Bitcoin transaction fee surge of 198%

Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: SAMUEL HAIG, reproduced by Odaily with authorization.

Bitcoin (BTC）transaction feeEditor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina)Cointelegraph Chinese (ID: CointelegraphChina)

, Author: SAMUEL HAIG, reproduced by Odaily with authorization.

transaction feebitcoinalmost in three days

tripled

, from $3.52 to $10.20.https://t.co/hcl2opVV0B pic.twitter.com/0gTFWcbVed

— glassnode（@glassnode）According to data from crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income currently comes from transaction fees, and the remaining 77.75% comes from block rewards. Transaction fees are now the highest percentage of revenue since January 2018, when they reached an all-time high. Transaction fees as a percentage of revenue soared to nearly 45% in January 2018.

In the past hour (24-hour MA),

bitcoinThis is the highest observed since January 2018.。

Real-time chart:Messari

October 27, 2020

The latest bitcoin price surge follows a surge in bitcoin average daily transaction fees in recent days, the only time it has hit double digits in dollar terms, except for the period between November 2017 and January 2018.

While transaction fees for Bitcoin miners have tripled over the past month, Ethereum (ETH) miners are still earning more in fees. Due to the use of stablecoins and the explosive growth of the decentralized finance (DeFi) space on the Ethereum network, Ethereum transaction fees recently surpassed those generated by Bitcoin, an all-time highlongest timeimage description