Bitcoin Transaction Fees Surpass Ethereum's Due to Ordinals Protocol Activity
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Bitcoin transaction fees have surpassed Ethereum's amid renewed interest in Ordinals assets.
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Bitcoin's average daily fee hit $18.67 recently, while Ethereum's was $7.90.
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The uptick stems from increased activity around Ordinals Protocol for creating NFT-like assets on Bitcoin.
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Over 6 million new Ordinals assets created since late October, generating $30 million in fees.
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Binance listing of ORDI token and $7.5 million raise for Taproot Wizards project also contributed to spike.