Transaction fees are at twelve year lows.
Chart: All time total daily tx fees priced in real money (bitcoin). Log scale. 7 day avg.
Source: https://www.blockchain.com/explorer/charts/transaction-fees
Discussion
This was something Steve pointed out to me that I found super interesting.
On chain fees, DENOMINATED IN SATS, are actually extremely consistent across time. And by the same measure are right now the lowest in 12 years... kinda crazy to think about with all the insanity around discussion of fees and how often its THE talking point when 99% of the rhetoric around it literally has nothing to do with the simple facts of the network and what we have seen.
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Is this because no one is taking self custody anymore? 🤔
