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Time Details
2024-08-23
07:41
BTC Staking Event Sees High Participation and Transaction Fees

According to @ai_9684xtpa, the recent Babylon staking event saw significant activity. The first tranche of 1000 BTC was filled in less than six blocks, with a total of 20,610 staking transactions and 12,720 unique staking addresses. Following the staking launch, mining fees surged to $200, averaging $130, reminiscent of the inscription era, posing a cost challenge for individual stakers. Among BTC LSTs, Solv Protocol stood out.

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