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TechFlow reports that on August 22, following Babylon's mainnet launch, mempool data shows a surge in Bitcoin network transaction fees. Low priority fees are currently at 673 satoshis per byte, medium priority at 816 satoshis per byte, and high priority at 1,059 satoshis per byte.
Previous report: Babylon launches Bitcoin staking on mainnet.
Due to Babylon launching on the mainnet, mempool data shows a surge in Bitcoin network transaction fees, with low priority currently at 673 sat/vB, medium priority at 816 sat/vB, and high priority at 1,059 sat/vB. Earlier reports indicated that Babylon launched its Bitcoin staking mainnet.
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