Ethereum Fees Now Higher Than BTC’s – Unconfirmed Transactions Over 100,000

Bitcoin fees have been reducing as ethereum’s are on the rise

Fees on Ethereum Now Higher Than Bitcoin’s as Unconfirmed Transactions Rise Past 100,000

“The surge of fees on the Ethereum blockchain could be attributed to several factors. Firstly, most stablecoins employ its network, and their role within the cryptocurrency market has been growing significantly in the past several months. The transferred value of ERC-20 stablecoins on the Ethereum network has jumped to nearly 80%, per a report from April.

Tether (USDT), the most widely used stablecoin, has been minting new coins regularly to cope with the growing demand from traders. ERC-20 based tokens still represent the majority of them.

Additionally, fees on the Ethereum network soar in value when initiated transactions are increasing. While Bitcoin’s mempool has normalized after the having, Ethereum’s have been rising. At the time of this writing, there are over 100,000 pending transactions.”

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