Bitcoin

Block

Bitcoin's blockchain is operating near maximum capacity, with nearly all blocks being full since early 2023, according to <a href="https://x.com/HashlabsMining/status/1828158764954141073">HashlabsMining</a>. 
<img src="https://lh3.googleusercontent.com/d/1W3_VJEC3lHZKoFXJs5dSIS7HTf7BcElX?key=1W3_VJEC3lHZKoFXJs5dSIS7HTf7BcElX" alt=""> 
This data, shared by Hashlabs and visualized in a chart from CoinMetrics, shows that the historical average block fullness has remained at or near 100% for most of the year. This sustained block saturation means that even a small increase in demand for block space could lead to a sharp rise in transaction fees.

Block Fullness Pushes Bitcoin Fees to New Heights

Ultramining_Eng

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