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Bitcoin Falls Behind in Terms of Network Fees and Usage

Last update 17.08.2021 11:33

The amount of money generated in network fees is often considered an important indication of the usage of that network — and Bitcoin appears to be falling behind other blockchains.

Bitcoin Falls Behind in Terms of Network Fees and Usage

Network fees may be used as a measure of usage and demand on a system, and Bitcoin is dropping down the charts in terms of this metric.

As observed on Aug 16 by Yearn Finance developer ‘banteg,’ BTC had fallen to seventh in terms of daily fees generated from network usage. The coder tweeted a screenshot from CryptoFees showing the list of blockchains and networks for the previous day, stating,

 

Source:beincrypto.com

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All Data
Coin Change(%) Price Volume (24h)
Bitcoin (BTC) 3.71 $72,084.86 $45.5B
Ethereum (ETH) 3.43 $4,038.91 $20.8B
XRP (XRP) 18.52 $0.727106 $4.4B
Solana (SOL) 1.58 $147.242060 $3.8B
Binance Coin (BNB) -2.22 $519.52 $3.0B
USD Coin (USDC) 0.03 $0.999697 $2.4B
Dogecoin (DOGE) 0.96 $0.174374 $2.1B
Shiba Inu (SHIB) -2.92 $0.000033 $1.7B
Floki Inu (FLOKI) -7.67 $0.000267 $1.3B
Avalanche (AVAX) 13.16 $47.596296 $1.2B
All Data