Bitcoin Mining Boom: Inscription & Monetary Transfers Both Hit ATHs
Summary
Bitcoin Inscription and monetary transactions are nearing all-time highs, with miners handling more of both types. Inscriptions involve attaching data to Satoshis, enabling applications like NFTs and BRC-20 Tokens. Both transaction types offer transfer fees to miners. Inscription transactions have surged to around 200,000 daily transfers, while monetary transactions are near the 2017 ATH of 409,000 daily transactions. The increase in transactions has led to a surge in average fees, providing hope for miners as they transition to relying solely on transaction fees after all Bitcoin is mined.
