The surge in block fees on the halving day was more than making up for the halved block subsidy miners were hit with — but that’s not the case anymore.
The average fees paid on Bitcoin have sharply fallen just a day after reaching a record average of $128 on April 20 — the day of the fourth Bitcoin halving.
As of April 21, Bitcoin (BTC) fees have fallen to an average of $8-10 for medium-priority transactions, according to mempool.space.
Only one day before, Bitcoin clocked $78.3 million in total fees, beating Ethereum by over 24 times according to Crypto Fees.
The day included a staggering 37.7 Bitcoin ($2.4 million) paid to Bitcoin miner ViaBTC in the Bitcoin halving block at block height 840,000 — making it the most sought-after piece of digital real estate in the network’s 15-year history.
Much of the demand at block 840,000 came from memecoin and nonfungible token enthusiasts competing to inscribe and etch rare satoshis via the Runes protocol — a new token standard that launched at the halving block.
3050 transactions were included in that block, meaning the average user paid a little under $800.
The higher-than-normal block fees continued until about block 840,200, according to mempool.space, however, block fees have since fallen to around 1-2 Bitcoin.
The large block fee payouts to miners throughout on halving day meant they weren’t initially impacted by the block subsidy halving from 6.25 Bitcoin to 3.125 Bitcoin.
But that’s no longer the case now that the average block fee is well below 3.125.
Meanwhile, fees on Bitcoin have now topped Ethereum for six consecutive days between April 15-20, with its 7-day fee average now at $17.8 million.
The halving event didn't have a material impact on Bitcoin's price, which is up 1.5% since then to $64,840, according to CoinGecko.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
$8.8 billion outflow countdown: MSTR is becoming the abandoned child of global index funds
The final result will be revealed on January 15, 2026, and the market has already started to vote with its feet.
Deconstructing DAT: Beyond mNAV, How to Identify "Real vs. Fake HODLing"?
There is only one iron rule for investing in DAT: ignore premium bubbles and only invest in those with a genuine flywheel of continuously increasing "crypto per share."
Empowered by AI Avatars, How Does TwinX Create Immersive Interaction and a Value Closed Loop?
1. **Challenges in the Creator Economy**: Web2 content platforms suffer from issues such as opaque algorithms, non-transparent distribution, unclear commission rates, and high costs for fan migration, making it difficult for creators to control their own data and earnings. 2. **Integration of AI and Web3**: The development of AI technology, especially AI Avatar technology, combined with Web3's exploration of the creator economy, offers new solutions aimed at breaking the control of centralized platforms and reconstructing content production and value distribution. 3. **Positioning of the TwinX Platform**: TwinX is an AI-driven Web3 short video social platform that aims to reconstruct content, interaction, and value distribution through AI avatars, immersive interactions, and a decentralized value system, enabling creators to own their data and income. 4. **Core Features of TwinX**: These include AI avatar technology, which allows creators to generate a learnable, configurable, and sustainably operable "second persona", as well as a closed-loop commercialization pathway that integrates content creation, interaction, and monetization. 5. **Web3 Characteristics**: TwinX embodies the assetization and co-governance features of Web3. It utilizes blockchain to confirm and record interactive behaviors, turning user activities into traceable assets, and enables participants to engage in platform governance through tokens, thus integrating the creator economy with community governance.
Aster CEO explains in detail the vision of Aster privacy L1 chain, reshaping the decentralized trading experience
Aster is set to launch a privacy-focused Layer 1 (L1) public chain, along with detailed plans for token empowerment, global market expansion, and liquidity strategies.
