The portion of Bitcoin miner revenue coming from transaction fees has fallen significantly after surging on the day of the last halving event.
A CryptoQuant report revealed that transaction fees now represent 35% of total miner revenue, a significant decline from the 75% recorded on April 19.
Transaction Fees Surge During Halving
The fourth Bitcoin halving, which took place last Friday, slashed miner block rewards by half to 3.125 bitcoins (BTC), resulting in daily issuance falling from an average of 900 BTC to 450 BTC.
On the halving day, daily miner revenue spiked to $100 million, stemming from a notable spike in transaction fees. Daily fees on the Bitcoin network surged to 1,258 BTC ($80 million), a level never seen before, representing 75% of the total revenue for that day.
One major propeller of the high transaction fees was the Runes protocol, which drove network activity after it was launched on the Bitcoin halving block. Runes allows the issuance and transfer of fungible tokens
We współpracy z: https://cryptopotato.com/transaction-fees-plunge-to-35-of-bitcoin-miner-revenue-post-halving-cryptoquant/
