Commissions in Bitcoin network grew by 300% before halving

by in Cryptocurrency News

commision in Bitcoin network

The average commission on the BTC network has grown by more than 300% in anticipation of halving.

Related: MicroBT introduced three new Bitcoin miners ahead of halving

According to the Bitinfocharts portal, on May 8, the average transaction cost soared to $3.19. Compared to April 26, when on average the commission's cost was $0.62, the growth exceeded 300%.

The last time the commission exceeded $3 in July 2019. In December 2017, when the first crypto coin reached a historic high, the average commission size soared to $55.

Commissions on the BTC network have consistently grown before halving. The last time, July 9, 2016, their cost also increased by more than 3 times.