Report: Bitcoin chain activity surges; miner fees have grown 89% so far in 2020

Bitcoin's blockchain activity also continued to grow this week, reaching its highest level in the past two months. According to the latest weekly report from Arcane Research, Bitcoin's blockchain activity has returned to the level of November last year, a surge of 90% in 2020, this development effectively pushed its 7-day average transfer value to $ 6 billion. In addition, the cost of miners is also increasing. The report states that miner fees will rise 89% by 2020. Although there are feedback loops in the market for blockchain activity, the improvement of the latter is a sign of health. In 2019, although the price of BTC has experienced a turbulent year, its on-chain activities have repeatedly hit record highs, and several other indicators of this year have also maintained a good momentum.