#Bitcoin is experiencing extremely high demand for blockspace, driven by BRC-20 tokens, utilizing text based inscriptions, and ordinals
This is a revenue boost for Miners, as the average fee paid per block has reached 2.905 $BTC, near past bull peaks.
A few recent blocks have seen tremendous total fees paid of 5.87 $BTC, approaching 94% of the 6.25 $BTC block subsidy.
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