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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    What Is Impermanent Loss? How It Works, and How to Avoid It

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    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

  • Gaming
    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

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    Avalanche Selects Funtico to Support Indie Game Developers

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    Google Boosts Gemini AI Image Capabilities in Latest Salvo Against ChatGPT

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

    How Toyota Plans to Transform Vehicle Data and Ownership with Blockchain

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Bitcoin

Bitcoin shows Ethereum who’s boss – Here’s how

December 26, 2023
in Bitcoin
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Will the crypto market’s bull run last?
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Journalist

Posted: December 27, 2023


  • Bitcoin collected $93 million in fees in the last seven days, 38% more than Ethereum.
  • The price of Bitcoin was 5.59% higher than the average price at which all coins were bought.

Bitcoin [BTC] became the number one-ranked network in transaction fees collected over the last week, giving proponents of its ‘transaction settlement layer’ narrative something to cheer for.

Bitcoin miners rake in the moolah

According to AMBCrypto’s analysis of Token Terminal data, the first-generation blockchain collected $93 million in fees in the last seven days, significantly higher than Ethereum’s [ETH] tally in the same period.

Source: Token Terminal

The spike in fee revenue boosted miners’ overall earnings, which are made up of transaction fees and set block rewards.

The average daily miner revenue has increased from $25 million in October to more than $40 million in December, AMBCrypto discovered using Glassnode’s data.

Source: Glassnode

Bitcoin’s prominence as a transaction settlement network was also evidenced by the jump in average fees paid for each transaction.

According to Glassnode, the mean fees climbed exponentially over the last month. Users had to spend as much as $37 on average to get their transactions validated on the 17th of December.

This, for a blockchain that barely saw average fees cross over $2 in 2022.

Source: Glassnode

Ordinals craze boosts Bitcoin’s prospects

The spike in fees was a consequence of the growing demand for Ordinals inscriptions. The total number of inscriptions on the chain topped the 50 million mark as of this writing, AMBCrypto’s examination of a Dune dashboard revealed.

See also  Bitcoin falls to $49K, but recovers - Now, THESE levels are important

Ordinals took the blockchain world by storm in 2023. Pioneered by Bitcoin in early 2023, other EVM and non-EVM chains have mimicked the technology and launched their own Inscriptions.

The dominant use case has been creating NFTs on-chain, which has significantly boosted Bitcoin’s NFT activity.

As per CryptoSlam, Bitcoin has been the dominant chain for NFT trades over the last month, with cumulative sales worth more than $797 million.


Read Bitcoin’s [BTC] Price Prediction 2023-24


Bitcoin fell back to the $42,000 region at press time, as a few profit-hungry traders exited the market. As per CoinMarketCap, the coin lost 1.34% of its value in the last 24 hours.

Shivam Thakral, CEO of Indian cryptocurrency exchange BuyUcoin, stated in a quote shared with AMBCrypto,

“The overall market sentiment is on the positive side owing to positive macroeconomic factors.”

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

Journalist

Posted: December 27, 2023


  • Bitcoin collected $93 million in fees in the last seven days, 38% more than Ethereum.
  • The price of Bitcoin was 5.59% higher than the average price at which all coins were bought.

Bitcoin [BTC] became the number one-ranked network in transaction fees collected over the last week, giving proponents of its ‘transaction settlement layer’ narrative something to cheer for.

Bitcoin miners rake in the moolah

According to AMBCrypto’s analysis of Token Terminal data, the first-generation blockchain collected $93 million in fees in the last seven days, significantly higher than Ethereum’s [ETH] tally in the same period.

Source: Token Terminal

The spike in fee revenue boosted miners’ overall earnings, which are made up of transaction fees and set block rewards.

See also  Bitcoin price prediction - Recession fears trigger FUD, but is it right time to buy?

The average daily miner revenue has increased from $25 million in October to more than $40 million in December, AMBCrypto discovered using Glassnode’s data.

Source: Glassnode

Bitcoin’s prominence as a transaction settlement network was also evidenced by the jump in average fees paid for each transaction.

According to Glassnode, the mean fees climbed exponentially over the last month. Users had to spend as much as $37 on average to get their transactions validated on the 17th of December.

This, for a blockchain that barely saw average fees cross over $2 in 2022.

Source: Glassnode

Ordinals craze boosts Bitcoin’s prospects

The spike in fees was a consequence of the growing demand for Ordinals inscriptions. The total number of inscriptions on the chain topped the 50 million mark as of this writing, AMBCrypto’s examination of a Dune dashboard revealed.

Ordinals took the blockchain world by storm in 2023. Pioneered by Bitcoin in early 2023, other EVM and non-EVM chains have mimicked the technology and launched their own Inscriptions.

The dominant use case has been creating NFTs on-chain, which has significantly boosted Bitcoin’s NFT activity.

As per CryptoSlam, Bitcoin has been the dominant chain for NFT trades over the last month, with cumulative sales worth more than $797 million.


Read Bitcoin’s [BTC] Price Prediction 2023-24


Bitcoin fell back to the $42,000 region at press time, as a few profit-hungry traders exited the market. As per CoinMarketCap, the coin lost 1.34% of its value in the last 24 hours.

Shivam Thakral, CEO of Indian cryptocurrency exchange BuyUcoin, stated in a quote shared with AMBCrypto,

“The overall market sentiment is on the positive side owing to positive macroeconomic factors.”

Tags: BitcoinBossEthereumHeresShowswhos

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