HTX Star

Network settlement remains lackluster when compared to Bull Market conditions as the Total Transfer Volume moved on the network has declined to a value of $2.73B per day.

This places the network throughput $10.37B (79%) lower than its peak of $13.1B, observed across the 2021 primary Bull Market.

For only the fifth time in history, the average fee paid per block surpassed the block subsidy, with the last instance being at the 2017 peak. For all five of these events, the period of high fee pressure was short-lived, and subsided after just a few days.

At the height of the mania, the average block was paying 6.66 BTC in fees, making for a total of 12.9 per block (~$348k).