Change Of Narrative: Users Paid Almost Same Fees On Bitcoin As On Ethereum In Q2 2024

Quick Summary:

On-chain data shows users on the Bitcoin blockchain had to pay the same total fees as Ethereum this past quarter.

Bitcoin Users Paid $440 Million In Transaction Fees Last Quarter As market intelligence platform IntoTheBlock pointed out in a new post on X, Bitcoin has registered a sharp jump in transaction fees this past quarter.

The “transaction fees” here naturally refer to the amount that senders on the blockchain have to attach with their transfers as compensation for the validators.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: ETH Btc Ethereum fees Bitcoin Bitcoin fees Bitcoin Transaction Fees Ethereum Transaction Fees Ethereum Btcusd Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-29 @ 06:00:39 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21414165

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 1 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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