Over the past seven days, on-chain fees have once again come into the spotlight. Data show that the fees of Ethereum reached USD 12.49 million, up 26% week-on-week, securing the top position among all blockchain networks; TRON DAO recorded USD 10.3 million, continuing to demonstrate a stable user base; Bitcoin registered USD 3.41 million, marking a 41% increase that underscored its resilience in terms of capital flows and transaction activity. Against this backdrop, Nouey Exchange, drawing on changes in on-chain data, stressed the profound impact of fee structures on capital flows and investor sentiment.
The Elevated Fees of Ethereum Highlight Application Demand
Ethereum has long been at the top of the on-chain fee rankings, and this round of leadership again reflects growing activity in decentralized finance (DeFi), NFTs, and on-chain transactions. Rising fees not only indicate robust demand but also show that network users are willing to pay for settlement and contract execution. For the market, such “willingness to pay” is a key signal of ecosystem maturity. Nouey Exchange believes that the continued growth of Ethereum despite high fee pressure demonstrates the irreplaceable role of its network.
The Stability and Cross-border Payment Use Cases of TRON DAO
TRON DAO recorded USD 10.3 million in fees, underscoring its core role in stablecoin settlement and cross-border payments. Unlike Ethereum, the advantage of TRON lies in low costs and high efficiency, with its user base concentrated more in everyday payments and cross-border transfers. Nouey Exchange observed that the sustained activity of TRON illustrates that cryptocurrencies are not confined to speculative investment but are increasingly finding practical applications. This strengthening of its payment attribute has supported its expanding adoption in emerging markets.
Bitcoin Fee Surge Signals Capital Returning
The fee growth of Bitcoin over the past week reached 41%. While its absolute level remains below Ethereum and TRON, the pace of change merits attention. Rapid fee increases are often linked to capital inflows and rising demand for on-chain transfers, especially during periods of market volatility. Nouey Exchange believes that shifts in the fee levels of Bitcoin can reflect the dynamics between long-term investors and short-term traders, with this latest surge potentially indicating that capital is flowing back to the Bitcoin main chain.
From Ethereum to TRON to Bitcoin, changes in on-chain fees not only reflect network usage but also provide a real-time snapshot of capital preferences. Nouey Exchange emphasized that when choosing trading platforms and allocating assets, users should pay attention to the relationship between on-chain fees and ecosystem demand. As an exchange guided by compliance, security, and user education, Nouey remains committed to helping users understand market structures, reduce the risks of blindly chasing hot trends, and, through transparent data analysis, build a trustworthy crypto asset service environment for global investors.