Ethereum Flips Bitcoin, One Metric at a Time - The Daily Gwei #4
thedailygwei.substack.com
A couple of days ago, fees paid on the Ethereum network surpassed those paid on the Bitcoin network - again. The last time this happened was during Black Thursday when gas prices spiked so high (200+ gwei!) that it resulted in a partial “meltdown” of DeFi. Since then, the reason Bitcoin’s fees have been high was because the halvening that occurred on May 11th meant that miners dropped off the network leading to longer block times and a more backlogged
Ethereum Flips Bitcoin, One Metric at a Time - The Daily Gwei #4
Ethereum Flips Bitcoin, One Metric at a Time…
Ethereum Flips Bitcoin, One Metric at a Time - The Daily Gwei #4
A couple of days ago, fees paid on the Ethereum network surpassed those paid on the Bitcoin network - again. The last time this happened was during Black Thursday when gas prices spiked so high (200+ gwei!) that it resulted in a partial “meltdown” of DeFi. Since then, the reason Bitcoin’s fees have been high was because the halvening that occurred on May 11th meant that miners dropped off the network leading to longer block times and a more backlogged