Ethereum's Average Transaction Fees Temporarily Suprassed Bitcoin's for First Time Ever

For the first time in their inception, Ethereum's average transaction fees outstripped Bitcoin's.

Has since resumed its place as the more economical blockchain.

Average transaction fees for Ethereum have surpassed Bitcoin for the first time ever $BTC $ETH pic.

At one point, the average Ethereum transaction cost $5.40 to send - more than seven times that of Bitcoin's $0.75.

Calculated by total fees divided by total transactions, the average Ethereum fee has descended to $0.37 at time of press.

The increasing fees of more than 2350% in a 24-hour window sparked a chorus of disdain amongst the platform's users.

While the average Ethereum transaction fee remained below $1 since January 2018 - the peak of Ethereum's usership, July has seen the platform brace a series of operational fiascos.

Chinese exchange FCoin may be solely responsible for early July's eruptive fee hike.

While the congestion appeared to be short-lived - average fees returned to below the $1-mark on July 8th- a recent bout of gas price manipulation saw costs ballooning once more when a single contract monopolized 40% of the network's resources.

Traditionally, transaction costs have fallen under the umbrella of Ethereum's scalability challenges - an issue perhaps to be solved by the long-awaited Casper PoS upgrade or another of Buterin's architectural initiatives.