Alkanes metaprotocol drives 60% of all Bitcoin transactions
- —Alkanes logged 59.9 million transactions in 90 days — 61.1% of all Bitcoin transactions
- —The protocol used 40.3% of block weight but only 13.4% of fees
- —DIESEL minting drives almost all activity, with fees of 130 satoshis per transaction
- —DIESEL accounts for about 16% of all Bitcoin fees, topping 25% on some days
Why it matters: Metaprotocols like Alkanes are increasingly loading the Bitcoin blockchain and driving miner revenue, intensifying the debate over spam versus legitimate use.
Source: BTC-ECHO