Bitcoin fees plummeted back below $10 after reaching a record daily average of $128 on April 20.
The surge in block fees on the halving day was more than making up for the halved block subsidy miners were hit with — but that’s not the case anymore.paid to Bitcoin miner ViaBTC
in the Bitcoin halving block at block height 840,000 — making it the most sought-after piece of digital real estate in the network’s 15-year history. Much of the demand at block 840,000 came from memecoin and nonfungible token enthusiasts competing to inscribe and etch rare satoshis via3050 transactions were included in that block, meaning the average user paid a little under $800.accordingThe large block fee payouts to miners throughout on halving day meant they weren’t initially impacted by the block subsidy halving from 6.25 Bitcoin to 3.125 Bitcoin.Source: Total fees for block 840,266 came out at 1.64 BTC. With the new block subsidy of 3.
Meanwhile, fees on Bitcoin have now topped Ethereum for six consecutive days between April 15-20, with its 7-day fee average now at $17.8 million.BlackRock Bitcoin ETF hits 69 days of inflows on '4/20' halving dayThe Runes protocol will ignite a new season for Bitcoin after the halving
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