Change Of Narrative: Users Paid Almost Same Fees On Bitcoin As On Ethereum In Q2 2024
Summary
Bitcoin users paid $440 million in transaction fees last quarter, a 61% increase from the previous quarter. Ethereum users, however, paid 63% less fees during the same period, totaling $441 million. The increase in Bitcoin fees is attributed to the introduction of the Runes protocol, while Ethereum's decrease is linked to transactions shifting to Layer 2 solutions. Both networks are experiencing high transaction fees, with Litecoin remaining the cheapest option. Bitcoin's price is currently trading around $60,800.
