On-chain data shows that Bitcoin has flipped Ethereum in another metric, as the transaction fees paid on the BTC network are now higher than those paid on the ETH network.
Bitcoin Total Transaction Fees Is Now Higher Than Ethereum’s
As pointed out by analyst James Van Straten in a post on X, the Bitcoin transaction fees have once again flipped that of Ethereum. The “transaction fees” here naturally refer to the fees that all senders on any network have to attach their transfers as a reward for the validator who handles them.
The fees on the blockchain are generally related to the activity it’s serving at the moment. During times of high traffic, the mempool can become congested. As the validators only have a limited capacity to process transactions, transfers can remain stuck waiting for a while.
Investors who don’t want to wait simply slap higher-than-average fees on their transactions, so the network prioritizes them. In especially active periods, many senders
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