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Bitcoin users incurred a record $2.4 million in fees on the halving block.

📰 The 2024 Bitcoin halving event marked a historic milestone with block 840,000 becoming the priciest ever mined, largely due to the frenzy surrounding the newly launched 🗿Runes Protocol.

⏹ This block, mined by ViaBTC at 12:09 am UTC on April 20, recorded users paying 💰a total of 37.7 Bitcoin (BTC) in fees, valued at approximately $2.4 million, to secure space on this block.

The halving itself reduced ⬇️ the mining reward from 6.25 BTC to 3.125 BTC per block. Including the mining subsidy, the total payment to ViaBTC for this block amounted to 40.7 BTC, or around $2.6 million.

🤘 The surge in fees was driven by degens eager to inscribe rare assets using the Runes Protocol, introduced concurrently with the halving.