Bitcoin Miners Have Raked in Abnormal Transaction Fees Since Halving: Bernstein
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.
24H Price
The Ocean Protocol price is $0.92020865, a change of 4.26% over the past 24 hours as of 11:15 a.m. The recent price action in Ocean Protocol left the tokens market capitalization at $558.71M. So far this year, Ocean Protocol has a change of 82.00%. Ocean Protocol is classified as a Computing under CoinDesks Digital Asset Classification Standard (DACS).
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.
Though finding value in meme coins isn't always easy.
The launch of Casey Rodarmor's new Runes protocol sent fees surging as users rushed to etch new digital tokens that can be launched atop the Bitcoin blockchain.
The Solana DeFi application Kamino is offering a weekly yield of more than 999%, paid out in W and JTO tokens.
Runes and Ordinals ‘Artist’ Creator, Casey Rodarmor has just invented two of the most dramatically impactful protocols in the blockchain industry's history and embraces cryptocurrency's speculative and gambling nature. Read more...
CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.
Diving in deeper on cryptocurrency.