Chain News Daily Official TheBitTimes.com

The average commission on the Bitcoin (BTC) network exceeded $37, reaching a yearly high. The increase in blockchain fees was caused by another wave of activity in the Ordinals segment. This has led to increased demand for block space. Source: Bitinfocharts A similar situation happened in April-May 2023. At that time, after the popularization of inscriptions — notes that can be inscribed onto the Ordinals blockchain — the average commission reached $19. Then, the demand for Bitcoin NFTs fell, but grew again in Q3 2023. Commission increases occurred due to the high demand for inscriptions on the Ordinals network. The number of these tokens and the volume of commissions show a steady upward trend. Source: Dune The beneficiaries were miners whose income jumped to the levels of Bitcoin quotes at historical highs of around $69,000. 6.25 btc fees, 6.25 btc subsidy in this block. i guess we don't need to worry about mining incentive in the future after all. https://t.co/...

Transaction fees on the decentralized cryptocurrency exchange Uniswap have surpassed the $1 million mark. According to The Block, over the past 25 days since the introduction of user interface fees, the platform has accumulated a total of $1.1 million. The average income from commissions per day is about $44,000 and, on an annualized basis, can exceed $16 million. Uniswap transaction fees | Source: The Block According to Dune Analytics, over the past 24 hours, more than 16% of all trading transactions on Uniswap occurred on the interface. You might also like: Uniswap to charge 0.15% swap fees in web app and wallet Uniswap fees introduction In mid-October, Uniswap began charging a 0.15% fee for swaps on its web app and wallet. The platform deducts the fee from the output token amount. According to representatives, all proceeds will go to developing future projects and products of the cryptocurrency platform. At the same time, in June of this year, 45% of Uniswap com...