Average Bitcoin transaction fee drops under $1 as network difficulty recovers

2022.08.22 21:37

Average Bitcoin transaction fee drops under $1 as network difficulty recovers

The average transaction fees on the Bitcoin (BTC) blockchain fell below $1.00 for the first time in over two years, further strengthening its use case as a viable mainstream financial system.

High transaction fees over blockchain networks work against the users, especially when making low-value transactions. For example, transaction fees over the Ethereum blockchain skyrocketed several times during the nonfungible token (NFT) hype, inducing stress on general users.

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