Blockchain Fees – DIGIT INFO

Report: L1 Blockchains Experience Slowdown in 2024 Amid Declining Activity

DIGIT — Wed, 04 Sep 2024 19:30:40 +0000

Layer one (L1) blockchain networks, including Ethereum, Solana, and Bitcoin, have experienced a significant reduction in onchain and market activity in 2024. Researchers Tanay Ved and Matías Andrade from Coin Metrics highlight the challenges these networks face as total fees and token performance drop below early-year highs. Ethereum, Solana, and Bitcoin See Sharp Drop in […]

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Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year

DIGIT — Sat, 03 Aug 2024 14:10:46 +0000

In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as earnings hit their lowest […]

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Bitcoin miners already made nearly $600K from Ordinals’ NFT transactions

DIGIT — Tue, 14 Feb 2023 08:28:39 +0000

The Ordinals hype is real with the NFT inscriptions now regularly taking over 50% of Bitcoin block space.

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