Bitcoin’s halving cut miners’ block fees in half, but revenue from transaction fees broke a record. ViaBTC, the mining pool that managed to dig the halving block, earned a total of $2.5 million in revenue, while transaction fees reached an average of $128 after the halving.

As of yesterday, transaction fees started to cool down. Medium-priority transactions dropped to the $10 level. The factor that caused the transaction fees to increase significantly was actually already related to the first block. In the 840,000th block, investors vying for the few satoshis in the first block, both memecoins and NFTs were snapped up.

As the number of blocks mined increased, transaction fees started to fall. For example, on block 840,266, the Foundry USA mining pool earned 1.64 BTC in transaction fees. With a system contribution of 3.125 BTC, the pool’s total was 4.76 BTC.

Halving seems to have had a positive impact on the Bitcoin price, at least in the short term. The largest cryptocurrency, which displayed a horizontal course over the weekend, has been on the rise since early this morning and has surpassed $66,200. Bitcoin is trading at $66,400 at the time of writing.