The biggest and most established global hub for everything crypto, blockchain and Web3.The spike in network fees indicates the level of developer interest in Bitcoin, and the fee revenue potential for miners, Bernstein said.Since the reward halving of bitcoin
“This is driven by speculative activity to mint new tokens by retail traders,” analysts Gautam Chhugani and Mahika Sapra wrote.protocol allows people to etch and mint tokens on the chain. The launch of the protocol over the weekend triggered a spike in network fees on the Bitcoin blockchain. “Investors should not extrapolate these fees into the future, but it indicates the level of developer interest on the Bitcoin blockchain, and the fee revenue potential for miners,” the authors wrote.
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