Key Takeaways:

Bitcoin’s on-chain transaction fees have surged to nearly $40, reaching their highest level in 20 months;
A debate has emerged within the cryptocurrency community about the sustainability of high transaction fees, with some advocating for layer-2 solutions like the Lightning Network;
Despite the controversy, Bitcoin miners are enjoying increased revenues, with their earnings reaching levels last seen during the $69,000 all-time high in November 2021.

Key Takeaways:

Bitcoin’s on-chain transaction fees have surged to nearly $40, reaching their highest level in 20 months;
A debate has emerged within the cryptocurrency community about the sustainability of high transaction fees, with some advocating for layer-2 solutions like the Lightning Network;
Despite the controversy, Bitcoin miners are enjoying increased revenues, with their earnings reaching levels last seen during the $69,000 all-time high in November 2021.