The transaction fee for the Bitcoin network has surged to over 400 satoshis per byte
Bitget2024/10/31 03:04
Data from mempool.space shows that the transaction fee for the Bitcoin network has surged to over 400 satoshis/byte, with medium priority temporarily reported at 430 satoshis/byte and high priority at 610 satoshis/byte. The reason is that a new rune called MEMENTO•MORI deployed by Ordinals founder Casey will start minting at block height 868186, with a total volume of 100 million runes, reserving 50%.
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