top of page
  • Blockchain Timeline

Bitcoin halving block sees massive surge in transaction fees.

Bitcoin's halving block saw a record high 37.6 BTC in total fees worth more than $2.4 million. Rewards to miners remained higher than normal in the hours after the halving.


Bitcoin halving block sees massive surge in transaction fees.

The high activity was in part due to the launch of Runes protocol, a platform that allows the creation of new tokens atop Bitcoin. Runes was created by Casey Rodarmor the developer behind the Ordinals platform that launched last year to enable NFTs on Bitcoin.

Comments


bottom of page