Bitcoin
Bitcoin (BTC)
$85,190.00 0.81167
Bitcoin price
Ethereum
Ethereum (ETH)
$1,614.09 1.36002
Ethereum price
BNB
BNB (BNB)
$590.77 -0.37062
BNB price
Solana
Solana (SOL)
$138.58 3.56852
Solana price
XRP
XRP (XRP)
$2.08 0.38665
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 0.32535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 1.82047
Pepe price
Bonk
Bonk (BONK)
$0.0000123 3.59126
Bonk price
dogwifhat
dogwifhat (WIF)
$0.408923 2.86369
dogwifhat price
Popcat
Popcat (POPCAT)
$0.243179 4.52161
Popcat price
Bitcoin
Bitcoin (BTC)
$85,190.00 0.81167
Bitcoin price
Ethereum
Ethereum (ETH)
$1,614.09 1.36002
Ethereum price
BNB
BNB (BNB)
$590.77 -0.37062
BNB price
Solana
Solana (SOL)
$138.58 3.56852
Solana price
XRP
XRP (XRP)
$2.08 0.38665
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 0.32535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 1.82047
Pepe price
Bonk
Bonk (BONK)
$0.0000123 3.59126
Bonk price
dogwifhat
dogwifhat (WIF)
$0.408923 2.86369
dogwifhat price
Popcat
Popcat (POPCAT)
$0.243179 4.52161
Popcat price
Bitcoin
Bitcoin (BTC)
$85,190.00 0.81167
Bitcoin price
Ethereum
Ethereum (ETH)
$1,614.09 1.36002
Ethereum price
BNB
BNB (BNB)
$590.77 -0.37062
BNB price
Solana
Solana (SOL)
$138.58 3.56852
Solana price
XRP
XRP (XRP)
$2.08 0.38665
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 0.32535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 1.82047
Pepe price
Bonk
Bonk (BONK)
$0.0000123 3.59126
Bonk price
dogwifhat
dogwifhat (WIF)
$0.408923 2.86369
dogwifhat price
Popcat
Popcat (POPCAT)
$0.243179 4.52161
Popcat price
Bitcoin
Bitcoin (BTC)
$85,190.00 0.81167
Bitcoin price
Ethereum
Ethereum (ETH)
$1,614.09 1.36002
Ethereum price
BNB
BNB (BNB)
$590.77 -0.37062
BNB price
Solana
Solana (SOL)
$138.58 3.56852
Solana price
XRP
XRP (XRP)
$2.08 0.38665
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000123 0.32535
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000074 1.82047
Pepe price
Bonk
Bonk (BONK)
$0.0000123 3.59126
Bonk price
dogwifhat
dogwifhat (WIF)
$0.408923 2.86369
dogwifhat price
Popcat
Popcat (POPCAT)
$0.243179 4.52161
Popcat price

Bitcoin network fees skyrocket amid upcoming halving

Brian Stone
Edited by
News
Bitcoin network fees skyrocket amid upcoming halving

The average fee on the Bitcoin network jumped to $19.48 as the halving approaches.

According to BitInfoCharts, fees on the Bitcoin network have increased significantly as the Runes protocol is about to launch. On April 18, the average commission reached $19.48, rising by almost $14 since the beginning of the month.

Bitcoin network fees skyrocket amid upcoming halving - 1
Source: BitInfoCharts

The increase in this indicator is likely due to the launch of the Runes protocol by Casey Rodarmor, which was positioned as a simpler alternative to Ordinals. Rodarmor claimed that the main problem with BRC-20 tokens is that they clog the network.

The Runes protocol aims to solve this problem by working autonomously without requiring Ordinals and allowing for more efficient transactions. Some projects, including the NFT collection PUPS, announced the release of tokens based on the new standard in advance.

PUPS is an experimental BRC-20 token on the BTC blockchain. After the halving scheduled for April 20, developers plan to transfer the asset to the Runes protocol. Over the past week, positioning itself as “the first meme coin on the Bitcoin network,” the PUPS token has experienced an explosive price increase of over 1,200%.

The asset’s capitalization, launched in January of this year, and currently stands at $439 million. Meanwhile, the trading volume of the PUPS meme coin exceeds $5.4 million.