Crypto analytics firm Coin Metrics has reported that bitcoin miners earned $184 million in transaction fees from April to June, a significant increase compared to previous quarters. This surge in transaction fees was driven by the frenzy surrounding BRC-20 tokens in May, when people were willing to pay higher fees for faster processing. Despite the subsiding hype around BRC-20 tokens, miners are still earning 10 to 15 times more from transaction fees compared to previous years, indicating persistent demand for Bitcoin block space. This marks the first time since 2017 that transaction fee earnings have surpassed Bitcoin’s block subsidy.
AI Sentiment: Positive