The value transferred on Bitcoin rose 26% to $5.5 billion over a week, while transaction fees paid to miners fell 8.8% to $185,200. Daily active addresses declined 2.2% to 615,200, highlighting a divergence between trading volumes and network activity generating revenue. Transaction fees account for less than 1% of miners’ income, which still comes primarily from newly issued BTC. The halving scheduled for 2028 will reduce the block subsidy from 3.125 BTC to 1.5625 BTC, forcing miners to offset the decline through a higher Bitcoin price, lower operating costs or increased fees.
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