Explosive Defi, Stablecoin Activity Send Ethereum Fees Above Bitcoin
- The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month.
- Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.
- It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down.
Ethereum has set a new record against Bitcoin.