Bitcoin network settling an average of $95K for every $1 in fees
Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees. The Bitcoin network’s value settlement efficiency has been improving steadily recently, with more being settled for lower fees.Over the past week, the Bitcoin network has transferred or settled an average of $95,142 of value for every $1 worth of fees.The on-chain settlement efficiency has been gradually increasing since May as more has been moved around the network during the bull cycle.On-chain analyst Dylan LeClair made the observation using data from analytics provider....
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