🔥Hot blockchain news is here! Recently, as runes have become popular, Bitcoin network transaction fees have also risen. 📈Specifically, the 7-day moving average of Bitcoin's average transaction fee has exceeded $40, about 10 times Ethereum's $4.10; at the same time, the total fees paid by the Bitcoin network have also exceeded Ethereum, with its 7-day moving average climbing to $25.77 million, a record high.

🔍Data shows that in recent times, the 7-day moving average of Bitcoin's market value to transaction fee ratio has been lower than Ethereum for the first time since July 2019. This ratio can be seen as the price-to-earnings ratio (P/E Ratio) of the blockchain network. Earlier this month, the moving average of Bitcoin's ratio was 2400, while Ethereum's was only 118.33. However, on April 25, Bitcoin's ratio had fallen to 220.77, lower than Ethereum's 227.12.

😉But this does not mean that Bitcoin is now undervalued and Ethereum is overvalued. When fees increase, Bitcoin's ratio will naturally fall. Even during previous high-fee periods, Bitcoin’s larger market cap kept its ratio higher than Ethereum’s. And the reversal in the ratio was only short-lived, as Bitcoin network fees have recently begun to slow. So, we remain optimistic about Bitcoin! 🚀