On-chain data shows that Bitcoin miners are making 12.4% of their revenue from the fees after transaction counts hit an all-time high. According to data from the on-chain analytics firm Glassnode, only 254 trading days in the entire history of the cryptocurrency have seen the transaction fees contribute a larger share to the total revenue of these chain validators. There are mainly two components to the revenue that miners generate: the block rewards and the transaction fees. The transaction fees, on the other hand, can be highly variable, since it’s on the users of the blockchain to attach as much amount as they see fit.
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