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Binance is working to make the Bitcoin lightning network available

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Blockchain analytical firm Glassnode reported that Bitcoin was “experiencing extremely high demand for blockspace.”






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BTC network fees surge

Bitcoin transaction fees have increased significantly over the past few months, reaching as high as $26 just a few hours ago and currently hovering around $10. There are likewise more than 424,000 unsubstantiated exchanges on the organization as of press time.

Although $10 may appear to be low, considering that Bitcoin transaction fees were around $1 approximately six months ago, it is still relatively high. Binance Chief Changpeng Zhao said the ascent in exchange expenses is an indication of a positively trending market.

Blockchain logical firm Glassnode detailed that the organization was “encountering very popularity for blockspace driven by BRC-20 tokens, using text-based engravings, and ordinals.”


Glassnode added that the average fee paid per block has risen to 2.9 BTC — nearly as high as past bull peaks.

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