New paradigm: Ethereum fees regularly surpass Bitcoin, and it's good for ETH

Fees on the Ethereum blockchain network are consistently surpassing Bitcoin and industry executives say it could spark a "New paradigm."

"ETH fees are consistently materially higher than $BTC fees. A new paradigm."

ETH fees are consistently materially higher than $BTC fees.

The potential catalysts are high gas leading to bigger ETH demand, continuous increase in user activity, and sustainability of DeFi.High gas could lead to higher ETH demand.

If a user wants to send Tether from one Ethereum address to another, the user still has to pay fees in ETH. As such, when the user activity on Ethereum rises, and gas costs increase, the demand for ETH naturally rises.

Ethereum user activity is rising as ETH 2.0 nears.

Approaching ETH 2.0, a major network upgrade, the noticeable rise in real user activity is optimistic.

ETH 2.0 rewards users that "Stake" their tokens to process transactions on the blockchain.

If there is a substantially higher number of users utilizing ETH, it would aid in decentralizing the network approaching ETH 2.0.It shows the sustainability of DeFi.

The primary catalyst of the spike in ETH fees throughout 2020 has been the resurgence of DeFi.