21Shares: Transaction fees continue to soar due to minting of BTC NFTs
Digital asset management company 21Shares posted on social media that transaction fees for Bitcoin NFTs (known as "Ordinal inscriptions") have been soaring due to their minting. The average transaction fee is currently $5.93, which is an increase of over 500% from its low point in August 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Toncoin (TON) Price Faces Potential Drop Below $5: Here’s Why
Massive Regulation Overhaul: Russia’s Crypto Exchanges to Face Unprecedented Scrutiny!
Crypto in the Polls: Which Presidential Candidate Wins the Blockchain Vote?
One Cryptocurrency Wallet Profited 117 Times from One Altcoin and 855 Times from Another: But Doubts Remain
According to data shared by cryptocurrency analysis platform Lookonchain, a cryptocurrency whale made a huge profit from memecoin trading.
Trending news
MoreCrypto prices
More
