Fueled by growing interest in Ordinals NFTs, Bitcoin transaction fees rose to a six-month high, eclipsing transaction fee income for the first time in three years. Data from IntoTheBlock shows a significant increase in fees over both one- and three-month periods. Although these fees are still below the peak on May 8 and the all-time high of December 2017, this increase is an important change for Bitcoin miners. As they anticipate reduced rewards from the upcoming halving event, increased transaction fees offer potential compensation.
This article was created and translated with the help of AI and has been reviewed by an editor. For more information, see our Terms & Conditions.