Memecoins
Memecoin Mania caused Bitcoin fees to skyrocket during the “halving” (BTC)
The fear of missing out on the latest generation of memecoins helped briefly soften the potential blow of a Bitcoin software update for businesses that make money by ensuring the digital currency operates smoothly and securely.
Transaction fees soared to $82 million as users rushed to mint speculative Bitcoin tokens on Saturday, according to crypto mining researcher TheMinerMag. The process is enabled by the Rune protocol, through which users can create their own fungible tokens. Similar digital assets issued on other blockchains including Ethereum and Solana, such as WIF and Dogwifhat’s Bonk, have been among the best performing assets this year.