Ethereum fees surpass Bitcoin

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Updated September 21, 2022 | Published September 29, 2020

2 mins read

Ethereum fees have been climbing up at a good pace and they may continue to do so.

To put things in perspective, in 2019, Bitcoin came five-to-one in the same comparison.

Ethereum, though, began posting higher daily fee revenue in June for the first time, Cointelegraph revealed.

Between August and September, though, Ethereum fees started marching up and quickly at that.

The most likely reason why is DeFi or decentralised finance that has sent demand for Ethereum quickly up, bringing it a fair bit of interest from consumers, but also making it more difficult for the ecosystem to remain as sustainable as before.

Of course, there have been planned updates, but there has also been criminal activity.

Many alleged Ponzi schemes have emerged, trying to benefit from DeFi enthusiasts who are not entirely sure how the protocols work in the first place. 

That has made them susceptible to the influence of nefarious parties who are not interested in genuinely assisting consumers develop their portfolios.

Now, with DeFi poising a bit of difficulty to everyone, a crash might be beneficial to many, including regular consumers.

Blockchain gaming operators are actually hoping to see the DeFi craze slowdown a bit, so that they may see the fees drop and consumers feel freer in transferring cryptocurrencies.

Some popular gaming operators in the blockchain space are Bitcasino, 1xBit and CasinoFair. 

All of them have been unscathed from the DeFi boom, thanks to their diverse portfolio of cryptocurrencies available. 

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by David

Co-founder

David is co-founder of CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.
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