Bitcoin Fees Rise, Ethereum Fees Fall, and L2 Transactions Quadruple

According to Odaily, IntoTheBlock has released its Q2 market report, highlighting several key points. Bitcoin fees have seen an increase of 60.8%, while Ethereum fees have decreased by 62.8%. The net inflow of Bitcoin to CEX reached $150 million, a significant change from the $3.5 billion outflow in Q1. Ethereum, on the other hand, saw an outflow of $3.4 billion, slightly less than the $4 billion outflow in Q1.
Bitcoin and Ethereum fell by 12.8% and 3.1% respectively. Bitcoin miners have been selling their reserves at the fastest rate in over a year. Since June, miners have sold more than 30,000 Bitcoins, approximately $2 billion. The Bitcoin network's computing power fell by about 15% last month.
78% of Ethereum is held by long-term holders, with nearly three-quarters of Ethereum holders having held for over a year. The number of L2 transactions has quadrupled, with the number of transactions occurring on the top three L2 networks (Arbitrum, Base, and Optimism) doubling within a year.