As of 2025, transaction fees in the Bitcoin network have reached a record high of $2.40, the highest ever recorded. This comes amid rising Bitcoin prices and increased demand for block space. The average fee has increased by approximately $1 since early May, indicating a surge in market activity.
This is reported by Business • Media
Decline in Transactions and Its Impact
According to data from The Block, the rise in fees is occurring alongside a decline in the number of daily transactions. While on April 22 the number exceeded 507,000, it has now decreased by 35% to 330,000 transactions.
Illiquid Supply and Potential Shortage
Additionally, the volume of illiquid Bitcoin supply held in inactive wallets has reached a new all-time high. This could lead to a decrease in the available supply in the market if demand continues to rise. As experts noted, “the reduction in the number of coins available on exchanges means that increased demand could lead to a supply shortage, potentially driving the price even higher.”
It is worth noting that in April 2025, Santiment reported that Ethereum network fees had reached their lowest level in the past five years.