- Bitcoin transaction fees skyrocketed to $91.83 post-Halving, influenced by the new Runes token standard. This standard, meant to streamline transactions and replace the BRC-20 tokens, led to a significant increase in network fees and congestion, with nearly 247,000 transactions pending. A single transaction even cost 6 BTC, or about $430,619. The Runes standard aims to improve efficiency and reduce reliance on Ordinals, highlighting the network’s challenges with scalability and fee management in the wake of significant changes..
