The seven-day moving average of Bitcoin online transactions has dropped to 330,000, near a 12-month low, down about 55% from a previous all-time high of 730,000 transactions. Over the past month, transaction fees have stabilized at around $500,000, well below the higher levels previously seen during peak Internet activity. The decline has been particularly pronounced for Bitcoin protocols like Runes and Ordinals, whose fee revenue has dropped to less than $20,000 in the past 30 days, compared with its $60 million revenue when it was launched.(TheBlock)
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