Ethereum network activity surges

According to DappRadar data, as reported by Jinse Finance, the total locked value (TVL) of Ethereum DApps reached $26 billion on November 23, an increase of 5% from the previous week. Although Ethereum's market value of $248 billion is behind Bitcoin's $728 billion, the protocol revenue generated by the two networks is similar. In the past seven days, the Bitcoin network has charged $57.5 million in fees, while Ethereum has charged $54.3 million. These numbers do not include ecosystem fees for platforms such as Lido, Uniswap, or Maker protocols. Ethereum has also regained its leading position in NFT sales, with a trading volume of $12.6 million in the last 24 hours. Although Bitcoin briefly led in NFT activity, Ethereum remains the preferred blockchain for well-known NFT projects.