Ethereum users have been paying more than Bitcoin users to transact on their network for the last two weeks, presumably thanks to the growth in the decentralized finance space.

Decentralized finance platform Balancer has seen its governance token BAL surge over 200% in its first day of trading. The token is being distributed to those providing liquidity to its exchange.

PlusToken, an alleged cryptocurrency Ponzi scheme, has moved over $100 million worth of EOS and XRP to unknown addresses.

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Top stories in the Crypto Roundup today:

• Ethereum Network Fees Have Been Above Bitcoin’s Transaction Fees for Two Weeks
• DeFi Platform Balancer Sees Governance Token Surge 200% On First Trading Day
• Alleged Crypto Ponzi Scheme Moves Over $100 Million in EOS and XRP
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At the time of writing, bitcoin (BTC) is trading at $9,533.33 (-0.79%) with a daily Top Tier volume of $2.24 bn. As for ether (ETH), it is trading at $243.13 (0.24%) with a daily Top Tier volume of $780.94 million. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,192.15 (-0.75%).

Ethereum Network Fees Have Been Above Bitcoin’s Transaction Fees for Two Weeks

Over the last 16 days, Ethereum users have been paying more to move funs on their network than Bitcoin users. According to CoinMetrics ETH users have been, for “16 straight days” been paying more to use the network.

Starting earlier this month, ETH users have been spending at least $500,000 in fees per day, hitting a peak of $3.5 million on June 11. Bitcoin users have, meanwhile, been spending between $300,000 and $400,000 in fees per day.

Ethereum users have likely started paying more to use the network because of a sudden growth n decentralized finance, powered by Compound’s launch of its COMP governance token. The token is being distributed to users who interact with the DeFi lending protocol, meaning users are rewarded for borrowing or lending money on it.

CryptoCompare data shows the COMP token surged to $380 in its first few trading days before it started coming back down to $230 at press time. To get their hands on more tokens, users started both borrowing and lending on Compound.

The token’s rapid growth, partly fuelled by a large inflow of capital into decentralized finance, has seen some – including Waves CEO Sasha Ivanov – warn we may be close to seen another ICO-like bubble because of DeFi.

DeFi Platform Balancer Sees Governance Token Surge 200% On First Trading Day

Ethereum-based automated market maker exchange protocol Balance has deployed its BAL governance tokens on the ETH mainnet, with over 1,000 addresses receiving it initially and 35.43 million tokens being minted as of Tuesday.

After these were deployed, the tokens started trading on Balancer’s own exchange and on the decentralized exchange Uniswap. Their price moved from $7 to a $22 high in a matter of hours.

To earn BAL tokens, liquidity providers simply have to supply tokens to the protocol and improve its liquidity. The program was launched on June 1 and since then a total of 435,000 BAL tokens have been allocated, with 15,000 expected to be issued to liquidity providers every week.

A total of 65 million BAL tokens are set to be distributed to liquidity providers over time, with the Balancer

 team and investors holding 25 million, and 10 million being used to grow the Balancer ecosystem and raise funds in the future.

Alleged Crypto Ponzi Scheme Moves Over $100 Million in EOS and XRP

PlusToken, an alleged $3 billion cryptocurrency Ponzi scheme, has moved $67 million worth of EOS and around $50 million worth of XRP, but the reasons for the move are still unknown.

According to large crypto transaction monitoring service Whale Alert, an address belonging to PlusToken moved 26.3 million EOS tokens to an unknown wallet, while an XRP address that according to monitoring services Bithomp and xrplorer belongs to PlusToken moved $50 million worth of that cryptocurrency.

Late last year, the alleged Ponzi scheme moved its near 790,000 ETH stash to an unknown wallet, where the funds have been sitting to date. While some believe those behind it may be preparing to launder the funds, the transactions don’t appear to be moving them to exchanges just yet.

A report published by Chainalysis last year stated that the  “criminals behind the PlusToken Ponzi scheme could be driving down the price of bitcoin when they liquidate their stolen funds via OTC Brokers.” Chainalysis’ report last year came as BTC fell below $7,000.

It’s believed PlusToken has been laundering the funds via over-the-counter brokers, who then sell the money on cryptocurrency exchanges.

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