Bitcoin businesstom wages have dropped more than 50% this year compared to the latest data, and A transaction fee of $1 is charged for an average of $95,142 transactions on the Bitcoin network.
On-chain analyst Dylan LeClair evaluated bitcoin transaction fees in his analysis of data from Glassnode, the platform that shows on-chain movements.
According to CryptoFees, Bitcoin ranks seventh among networks ranked by total daily transaction fees, behind Ethereum, Uniswap, Binance Smart Chain, SushiSwap, Aave, and Compound. Seven-day average of top ranked Ethereum 54,000,000 Bitcoin’s average transaction fee over the same time period while filling up 653,000 around a dollar.
Bitcoin and Ethereum, two different entity are not considered correct to compare them in terms of transaction fees. Bitcoin a store of value while ethereum is seen as a smart contract and decentralized application network.
Average transaction fees between the two networks open more from the end of July.
Average BTC and ETH transfer fees – Bitinfocharts.com
According to L2beat, there are $6.8 billion in locked assets on Ethereum second-layer applications. It is known that second-layer applications have positive improvements on Ethereum transaction fees.