HomeUncategorizedBitcoin transaction fees flip Ethereum’s as Ordinals hype returns By Cointelegraph

Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns By Cointelegraph

November 21, 2023

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© Reuters

Average daily transaction fees on (BTC) have flipped with 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 fees have surged above Ethereum’s in the last five days. Source: BitInfoCharts
The number of Ordinals inscriptions grew by over 6 million since late October. Source: Dune Analytics