Ethereum Miners Made Eight Times More Fees Than Bitcoin Miners in September


Ethereum has seen immense congestion as of late due to an influx of transaction demand. The transaction demand stems from the rise of decentralized finance applications, which take up a large amount of block space. ETH miners have collected so many fees that data shows that they made eight times more than Bitcoin miners in transaction fees over September. Proponents of Ethereum say that this is a positive sign for the cryptocurrency, as it may give the network more security. Whatever the case, this is one of many positive fundamental factors for Ethereum. It is unclear if these fundamentals will be enough to drive the price of ETH higher, though. Ethereum Miners Made More Than Bitcoin Miners in Fees Over September According to Ian Lee, an Ethereum-focused venture investor and analyst, there was a large discrepancy over September in the transaction fees collected by the two top blockchains. Citing data…

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