Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $ 2.77 per transaction, with low-priority to high-priority transfers costing between $ 0.38 and $ 0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November …
It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly declined over the past month. Runes Protocol’s Initial Excitement Dwindles Amid Decreased Activity Before the […]
Between May 10 and May 17, non-fungible token (NFT) sales totaled $ 150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In …
Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $ 100 per petahash to below $ 45 at the beginning of May. It has since increased to $ 50 per petahash. Despite the modest rebound, the network’s total hashrate …
According to recent data, transactions linked to the Runes protocol have been notably high in block utilization since its implementation on April 19. Figures from April 23 show that transactions involving Runes accounted for 81% of block usage on that day. In contrast, traditional financial activities constituted only 18.8% of the transactions processed. As Runes […]