Bitcoin transaction fees flip Ethereum’s as Ordinals hype returns
Average daily transaction fees on Bitcoin (BTC) have flipped with Ethereum 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
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