Ethereum fees hit $47.3 million, up 37.1% from February 6

Ethereum-based protocols generated $47.3 million in daily fees on October 30, the highest single-day total since February, according to CryptoQuant—up 37.1% from February 6's $34.5 million and 112.8% from June 5's $22.23 million. The fee spike coincided with the aftermath of Binance's October 29 hot wallet hack, in which roughly $6.3 billion was compromised, driving heavy on-chain activity as stolen assets were exchanged and arbitrage bots competed for transaction ordering. The surge underscores how major exchange security incidents can translate directly into Ethereum network revenue. By comparison, BNB Chain recorded $2.47 million and Base $2.71 million in daily fees the same day. Watch for whether Ethereum fee levels stay elevated as post-hack fund movements and MEV-related activity continue.