Crypto Blog
For the past four days, fees paid by users on Bitcoin have exceeded those on Ethereum, according to data from Cryptofees, a data analytics platform.in Bitcoin transaction fees has been associated with the growing anticipation surrounding the upcoming halving event and the Runes upgrade.On April 18, Bitcoin fees totaled $6.81 million compared to $5.04 million in Ethereum. On the other hand, Bitcoin miners collected $7.47 million in fees, surpassing Ethereum stakers with $7.31 million on April 17.
However, Ethereum maintains a slight edge on a 7-day average fee basis, with $8.02 million compared to Bitcoin’s $7.45 million.halving event on April 20 that will see mining rewards go from 6.25 BTC to 3.125 BTC. Approximately 900 BTC are mined daily currently, which is about $57.2 million at current prices.
Runes are positioned to compete with Ordinals by simplifying the creation of fungible tokens on Bitcoin, targeting meme coin enthusiasts and other community-driven audiences. Casey Rodarmor, the creator of both Ordinals and Runes,that the project is entirely UTXO-based and is, therefore, not expected to congest the Bitcoin network to the same extent as Ordinals.
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