Fast Take
CryptoSlate lately reported that Ethereum had entered an inflationary state as a result of Dencun improve, which has decreased the burn fee and diminished fuel charges. This growth comes as an rising variety of transactions are being settled on Ethereum Layer 2s.
Earlier than the Bitcoin halving and all through a lot of 2024, Ethereum witnessed increased transaction charges than Bitcoin. Nonetheless, within the lead-up to the halving, on the halving day itself and some days after, Bitcoin fees surpassed Ethereum’s charges.
Since April 29, nevertheless, the charges for each blockchains have been nearly equal, based on Glassnode information,
Glassnode information reveals that on Could 12, Ethereum generated $2.8 million in charges on a 7-day shifting common, the bottom payment degree since October 2023, when the worth was roughly $1,800 in comparison with its present worth of just under $3,000.
Whereas Bitcoin charges are roughly 4 instances increased than in October 2023, at $2 million towards roughly $500,000, we will additionally observe that since Could 2023, every payment increase has resulted in a better excessive.
