{"id":87314,"date":"2023-11-21T14:16:43","date_gmt":"2023-11-21T12:16:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87314"},"modified":"2025-09-13T11:01:10","modified_gmt":"2025-09-13T08:01:10","slug":"bitcoin-transaction-costs-have-surpassed-ethereums-level","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-transaction-costs-have-surpassed-ethereums-level\/","title":{"rendered":"Bitcoin transaction costs have surpassed Ethereum&#8217;s level"},"content":{"rendered":"<p>Average transaction fees on the Bitcoin blockchain have surpassed Ethereum&#8217;s corresponding metric as interest in <a href=\"https:\/\/forklog.com\/en\/news\/what-are-ordinals-and-brc-20-tokens\">Ordinals<\/a> revived.<\/p>\n<p>Over the past seven days, the average cost of a transaction on the Bitcoin network rose 49%, from $8.59 to $12.75. Ethereum&#8217;s metric stands at $7.55.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cAlthough activity has recently surged on both networks (and thus fees), the recent revival of Ordinals issuance and trading seems to have pushed the average fee above Ethereum\u2019s,\u201d <a href=\"https:\/\/www.theblock.co\/post\/263845\/bitcoin-transaction-costs-surpass-those-on-ethereum-amid-ordinals-resurgence\">\u043e\u0442\u043c\u0435\u0442\u0438\u043b\u0430<\/a> \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u044c\u043d\u0438\u0446\u0430 The Block \u0420\u0435\u0431\u0435\u043a\u043a\u0430 \u0421\u0442\u0438\u0432\u0435\u043d\u0441.<\/cite><\/p><\/blockquote>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"242\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/avg-tx-fee-1024x242.png\" alt=\"avg-tx-fee\" class=\"wp-image-220514\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/avg-tx-fee-1024x242.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/avg-tx-fee-300x71.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/avg-tx-fee-768x181.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/avg-tx-fee-1536x362.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/avg-tx-fee.png 1721w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/comparison-bitcoin-ethereum\/average-transaction-fee\">The Block<\/a>.<\/figcaption><\/figure>\n<p>On the chart below, the November spike in the daily Ordinals issuance is visible after a deep drop in September\u2013October.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/ord_overtime.webp\" alt=\"ord_overtime\" class=\"wp-image-220515\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/dune.com\/dgtl_assets\/bitcoin-ordinals-analysis\">Dune (@dgtl_assets)<\/a>.<\/figcaption><\/figure>\n<p>Since the protocol\u2019s launch, about 42.6 million \u201cBitcoin-NFTs\u201d have been issued. The total fees tied to the inscriptions reached 2,952 BTC ($109 million).  <\/p>\n<p>Earlier ForkLog <a href=\"https:\/\/forklog.com\/en\/news\/fees-in-ethereum-and-bitcoin-networks-reach-monthly-highs\">reported<\/a> a surge in fees across the Bitcoin and Ethereum networks to monthly highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average transaction fees on the Bitcoin blockchain have surpassed Ethereum&#8217;s corresponding metric as interest in Ordinals revived.<\/p>\n","protected":false},"author":1,"featured_media":87315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1178,1176],"class_list":["post-87314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockchain-fees","tag-ordinals"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87314"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87314\/revisions"}],"predecessor-version":[{"id":87316,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87314\/revisions\/87316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87315"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}