Summary
- Reported that Bitcoin (BTC) miners' fee revenue recorded the lowest level in 12 months.
- The Block said Bitcoin transaction fees amount to about $300,000 per day and are less than 1% of total miner revenue.
- It analyzed that transaction-fee-based revenue has been shrinking due to a decline in on-chain activity.
The proportion of transaction fees on the Bitcoin (BTC) network contributing to miner revenue fell below 1% and recorded the lowest level in 12 months.
On the 19th (local time), crypto asset (cryptocurrency) specialist media The Block reported that Bitcoin transaction fees amount to about $300,000 per day, the lowest in the past year. This is less than 1% of total miner revenue.
It is analyzed that transaction-fee-based revenue has shrunk as on-chain activity across the crypto asset market has declined.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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