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Explosive Defi, Stablecoin Activity Send Ethereum Fees Above Bitcoin

▪ The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month.
▪ Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.
▪ It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down.

Ethereum has set a new record against Bitcoin.

The second-largest blockchain project by market capitalization charged higher fees for confirming blocks throughout the past 30 days. Its median transaction charge surpassed that of Bitcoin and stayed there for over a month, the most prolonged such period in Ethereum’s lifetime.