Golden Finance reported that as Bitcoin-related NFTs (called Ordinals) revived, Bitcoin fees soared to their highest level since the Meme coin craze in May last year. BitInfoCharts data shows that the average transaction fee using the Bitcoin blockchain today is $6.84, up about 970% from the low of $0.64 hit in August.
Digital asset manager 21Shares said in a report on Wednesday that the surge was driven by an increase in the minting of Ordinals, with nearly 1.9 million Ordinals uploaded to the blockchain in the past two weeks.
