#TradersLeague ⛏️ Since the beginning of June, Bitcoin miners have earned only $7 million in fees — less than 1% of the total revenue of $722.8 million.
The average number of transactions in the network has fallen to the lowest level in a year and a half.
The trend of declining fee revenue has been observed since the halving in April 2024. At that time, against the backdrop of the launch of the Runes protocol, a surge in activity was recorded.
In May 2024, the share of fees reached 6.7%, while in May 2025 it was only 1.3%.