The cumulative receipts of bitcoin miners in May reached $916 million.
The graph below shows that the indicator has been steadily increasing since November last year.
The share of commissions in total revenues for the last month was ~13.7%. For comparison, in April this figure approached 3%.
Such a rapid increase in fees in miners’ income is most likely due to increased on-chain activity due to the hype around Ordinals and BRC-20.
The aggregate volume of bitcoin transactions reached 16.9 million in May, up 57% from April.
ForkLog previously reported that due to the increased issuance of BRC-20 tokens, the daily receipts of bitcoin miners from commissions per block exceeded the rewards from its mining.
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