Accumulated trading fees paid to Ethereum (ETH) miners for 2020 are now almost twice as high as Bitcoin (BTC), which is $276 million compared to $146 million.
This represents a clear change from the trend in trading fees in previous years, where Bitcoin has generally dominated every other high margin network. In 2019, Bitcoin came out with a five to one advantage in the same comparison.
Ethereum first started posting higher daily fee income in June. As activity increased and the average transaction fee with him, total revenue began to rise. From August to September, Ethereum began to break previous records and quickly became useless to some participants.
The culprit is most likely the boom in decentralized finance and agricultural production, although stabilcoin transfers and some of the supposed Ponzi systems also account for a significant portion of Ethereum's block area utilization.
It is interesting to note that the revenue from Ethereum's charges for several particularly active days over the last few months has briefly exceeded the block rewards. Overall, since May, the fees have crept up to more than 10% of the total emissions, a threshold reached only a few times in the history of the coin.
