đŸ€” The Bitcoin network saw a sharp spike in the amount of fees collected (from 0.5 BTC to 60 BTC per hour)!

‱This was due to transactions sending BTC to stake in the new Babylon protocol

‱The total staking size was limited to 1,000 BTC, which created a temporary rush. Each staking transaction cost users about 0.05 BTC

‱Once the staking limit was reached, fees and transactions began to return to normal

#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek