TechFlow reports, according to OKLink data from OKGroup, since the completion of the fourth Bitcoin halving (as of April 22 at 18:00), nearly 60% of Bitcoin miners' income has come from transaction fees. On April 20 alone, transaction fees surged beyond 1,000 BTC due to the surge in Rune activity. In its latest article, the OKGroup Research Institute stated that although this fee-dominated miner revenue structure is not sustainable in the short term, it demonstrates that growth in transaction fees driven by active on-chain activity could theoretically provide sustained positive incentives for miners, thereby offsetting the negative impact of reduced block rewards caused by the halving.
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