Warning: session_start(): open(/tmp/sess_ad08c5902092a0a98bba9135f23ad295, O_RDWR) failed: Disk quota exceeded (122) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /tmp) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php:83) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-weather/class.jnews-weather.php on line 70
Ethereum daily fees surpass Bitcoin’s – The Future Coin
The Future Coin

Bitcoin

$56,562.69

BTC 0.65%

Ethereum

$2,319.68

ETH 5.03%

XRP

$1.43

XRP 3.55%

Litecoin

$270.37

LTC -0.43%

EOS

$6.82

EOS -0.94%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Markets

Ethereum daily fees surpass Bitcoin’s

by The Future Coin
June 8, 2020
in Markets
0
Ethereum daily fees surpass Bitcoin’s
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The trend in the crypto market is often compared with Bitcoin [BTC] to define progress. However, Ethereum’s [ETH] on-chain metrics have been noticing a pump independent of Bitcoin market performance. According to data provider Glassnode, on 7 June, Ethereum’s daily network fees surpassed bitcoin’s fees. As Bitcoin fees continued to plummet to $308k, ETH’s fees noted a spike and reached $498k.

As ETH’s performance in the market takes over Bitcoin’s growth, the traders have been entrusting their investments in the second-largest digital asset. The total number of addresses holding ETH at 39.96 million also surpassed those holding Bitcoin at 30.1 million, according to data observed by Intotheblock.

Following its improving performance and anticipation in the market related to the launch of ETH 2.0, the number of wallets holding over 32 ETH also noted a rise. Ever since the beginning of 2020, the scheduled events like Bitcoin halving and the launch of ETH 2.0 has kept the traders engaged in analyzing the market. According to Etherscan, the number of unique addresses holding has spiked from 84.218 million to 100.403 million since the beginning of the year.

Source: Etherscan

Apart from the growing popularity of the digital asset among the traders, the Ethereum network has been witnessing a marching up hash rate. According to data, the hash rate has increased by 26.8% since the beginning of the year and was at its peak for the year 2020. As the hash rate and other fundamentals rise, there have been speculations that this growth could also be a result of USDT and its transfers that have been carrying more value to the ETH network.

Recently, ETH’s price stunned the market. The Ethereum Trust of Grayscale Investments was trading at a premium of over 750% of Ether price. As far as the second-largest coin’s performance has been concerned, it was retuning 85% as compared to BTC’s 36%.

Your feedback is important to us!



Source link

EDITOR’S CHOICE

You Can Now Earn Ethereum 2.0 Staking Rewards on Coinbase

Ethereum Could Reduce Fees With Batch Transactions

Ethereum Rival Polkadot Futures Suffer 99% Flash Crash—Forcing Binance To Enact Fresh Controls

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC – Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 56,658.00
ethereum
Ethereum (ETH) $ 2,315.87
binance-coin
Binance Coin (BNB) $ 580.49
xrp
XRP (XRP) $ 1.38
tether
Tether (USDT) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.333434
cardano
Cardano (ADA) $ 1.26
polkadot
Polkadot (DOT) $ 35.46
litecoin
Litecoin (LTC) $ 271.36
bitcoin-cash
Bitcoin Cash (BCH) $ 952.56
vechain
VeChain (VET) $ 0.257657
uniswap
Uniswap (UNI) $ 31.63
chainlink
Chainlink (LINK) $ 38.61
usd-coin
USD Coin (USDC) $ 1.00
stellar
Stellar (XLM) $ 0.526404
theta-token
Theta Network (THETA) $ 11.76
filecoin
Filecoin (FIL) $ 155.21
tron
TRON (TRX) $ 0.134430
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 56,787.00
solana
Solana (SOL) $ 31.63
neo
NEO (NEO) $ 111.05
monero
Monero (XMR) $ 403.78
binance-usd
Binance USD (BUSD) $ 1.00
klay-token
Klaytn (KLAY) $ 2.64
eos
EOS (EOS) $ 6.78
iota
IOTA (MIOTA) $ 2.24
bitcoin-sv
Bitcoin SV (BSV) $ 307.60
bittorrent-2
BitTorrent (BTT) $ 0.008375
crypto-com-chain
Crypto.com Coin (CRO) $ 0.206656
terra-luna
Terra (LUNA) $ 13.68
cosmos
Cosmos (ATOM) $ 21.33
okb
OKB (OKB) $ 17.47
ftx-token
FTX Token (FTT) $ 52.63
aave
Aave (AAVE) $ 368.72
ethereum-classic
Ethereum Classic (ETC) $ 34.95
tezos
Tezos (XTZ) $ 5.66
compound-ether
cETH (CETH) $ 46.30
pancakeswap-token
PancakeSwap (CAKE) $ 26.87
algorand
Algorand (ALGO) $ 1.34
compound-usd-coin
cUSDC (CUSDC) $ 0.021935
avalanche-2
Avalanche (AVAX) $ 28.05
nem
NEM (XEM) $ 0.397802
dai
Dai (DAI) $ 1.00
huobi-token
Huobi Token (HT) $ 18.94
thorchain
THORChain (RUNE) $ 14.58
kusama
Kusama (KSM) $ 379.48
dash
Dash (DASH) $ 327.34
maker
Maker (MKR) $ 3,503.22
elrond-erd-2
Elrond (EGLD) $ 173.22
holotoken
Holo (HOT) $ 0.016146