Bitcoin mining revenue reached $184 million in Q2, driven by the popularity of BRC-20 tokens and Ordinals. The amount generated from transaction fees in this quarter alone surpassed the total fees from the previous five quarters combined. Ordinals is a protocol that allows the creation of NFT-like assets on Bitcoin, while BRC-20 tokens require users to submit a transaction and fee to mint them. Although the excitement around BRC-20s has calmed down, miners are still earning significantly more from transaction fees compared to previous years.
AI Sentiment: Positive
