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It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly declined over the past month. Runes Protocol’s Initial Excitement Dwindles Amid Decreased Activity Before the … Read more
Only 157 new Runes were etched on Bitcoin on May 13, which contributed to just $3,835 in transaction fees paid to Bitcoin miners. Go to Source
Similar to Bitcoin’s onchain fees, the cost of transacting on the Ethereum network has recently seen a significant decline. Over the previous 68 days, since March 5, 2024, Ethereum’s network fees have fallen by 93.7%, from $30.33 per transfer to $1.91 per transaction. Declining Ethereum Fees: A 68-Day Overview Transacting on the Ethereum blockchain has … Read more
Despite generating hundreds of thousands of dollars in daily fees, Runes has only surpassed $1 million in total fees twice in the last twelve days, signaling a notable decline. Go to Source
The potential flip could further cement Solana’s status as an “Ethereum-killer,” which has been questioned due to the recent network outages. Go to Source
The transaction fees are the “wild card” for Bitcoin miners, with the current increase representing a crucial revenue boost for BTC miners, according to TeraWulf’s CEO, Nazar Khan. Go to Source
Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in ordinals. Go to Source
It’s been one of the most lucrative quarters for those that profit from Bitcoin transaction fees in nearly two years. Go to Source Powered by WPeMatico
On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5. As of now, there are only slightly over … Read more
Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured. Go to Source Powered by WPeMatico
