Bitcoin network fees exceed Ethereum fees

As the halving approaches, transaction fees on the Bitcoin network have exceeded gas costs on Ethereum.

According to analytics platform Cryptofees, on April 17, BTC miners received commissions amounting to approximately $7.47 million. This is $160,000 more than the $7.31 million paid on the Ethereum network. On April 15 and 16, Bitcoin miners earned $9.98 million and $5.91 million, respectively, outpacing Ethereum staking participants. These days they received $3.5 million and $1.1 million less.

However, Ethereum still maintains a slight advantage in average fees over the past seven days - $8.55 million compared to $7.57 million on the Bitcoin network.

An increase in transaction fees on the Bitcoin network occurred a few days before the halving. If miner fees currently account for about 11.5% of the total block reward, then after the halving this share should increase significantly. This is because the daily amount of BTC mined will be halved – from 900 to 450 coins.

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