Bitcoin transaction fees triple since the beginning of the month...Runes impact
The average transaction fee on the Bitcoin network (7-day average) has nearly tripled from $4.11 at the beginning of the month to $12.17 today, according to The Block. This is due to a surge in demand for BRC-20 alternative protocol Runes, the outlet analyzed. Franklin Templeton Digital Assets previously analyzed that "on-chain activity has accelerated with Bitcoin Audience NFTs, BRC-20, BRC-20 alternative protocol Runes, Bitcoin Layer, and more."
