The hype surrounding memecoins like Pepe Coin has led to a surge in Bitcoin transaction fees, reaching their highest levels in two years. On May 3, the total amount of fees paid on the Bitcoin blockchain reached $3.5 million, a 400% increase from late April. The average Bitcoin transaction fee also rose to $7.2. The recent increase is attributed to a surge in Bitcoin activity involving BRC-20 transactions, an experimental token standard that allows the issuing and transferring of fungible tokens on the Bitcoin blockchain. This trend has also affected gas fees on the Ethereum blockchain. Despite the recent spike, the current BTC transaction cost remains far from all-time high levels.......See More