Recent on-chain data highlights a significant surge in the percentage of Bitcoin (CRYPTO:BTC) miner revenue derived from transaction fees.
This notable increase marks a pivotal shift in the earnings landscape for miners.
The primary catalyst for this sudden growth in revenue from fees can be traced back to the events surrounding the much-anticipated fourth Halving.
This event, which occurs approximately every four years, fundamentally alters the rewards system by reducing the block rewards that miners are accustomed to receiving for their computational efforts in validating transactions and securing the blockchain network.
As a result of the Halving, miners have experienced a reconfiguration in their revenue streams, showcasing the dynamic and evolving nature of the Bitcoin ecosystem.