Transaction fees on the Bitcoin blockchain are surging
Chart of the Day
Published in
May 4, 2023
For educational and illustrative purposes only. This is not a solicitation to buy or offer cryptocurrency or securities. Investments may be speculative, illiquid and there is a total risk of loss of principal. There is no guarantee that any specific outcome will be achieved. Past performance is not indicative of future results.
Bitcoin average transaction fees have hit the highest level since mid 2021 due to a rise in Bitcoin Request for Comment (BRC-20) token mints & related activity.
The BRC-20 token standard was created by anonymous developed DomoData and released in March 2023.
