The current downtrend is undoubtedly having an impact on the fees that miners receive as contributors move funds to altcoins with less volatility. Despite this, Bitcoin still has a 38.3% advantage in the crypto market. The second place is occupied by Ethereum with an indicator of 16.5%.
In October, Ethereum is processing about 1.21 million transactions per 24 hours. Each transaction costs customers about 0.00065 ETH ($0.894). It is possible to make more commission amount for preferential processing of the transaction. Based on this, the daily fees in Ethereum are 2.56 million dollars. These funds are distributed to support validators and are a resource for the safe operation of the network from hackers.
Commission from Ethereum network participants for the 1st week in October amounted to $10.5 million.
Second on the list in terms of volume - BNB Chain. The total weekly commission - $2.72 million. For 24 hours - 575.02 thousand dollars.
BNB Chain handles more transactions than ETH. In 24 hours, validators process 3.38 million BNB trades. At the moment, BNB Chain is the most used blockchain due to low fees ($0.03) and high throughput (40 TPS). The third place in terms of fees, collected in October, is Bitcoin.
This month, users made 266.84 thousand transfers in 24 hours. Estimated transaction fee is 0.000035 BTC ($0.694). In one day, 209.26 thousand dollars are processed. The total commission for the 1st week of the current month - $1.16 million.
The list of the top 5 crypto networks with the highest amount of received commissions additionally includes:
- Dogecoin 6.47 thousand dollars.
- Litecoin 4.65 thousand dollars.
