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According to Odaily, data from Glassnode indicates a significant shift in the income source for Bitcoin miners, driven primarily by transaction fees. At the beginning of 2024, the proportion of miners' income derived from transaction fees peaked at around 72% in April, then stabilized at a lower level. This change is associated with the release of runes during the halving period, indicating increased demand for transaction processing.
Historical data shows that increases in fee income are usually associated with price fluctuations or network activity. The latest trends suggest that when Bitcoin prices and network activity increase, miners can benefit from transaction fees, highlighting the key role of transaction fees in miner income. Understanding these trends is crucial to predicting the financial health of miners and the network economy.
