Bitcoin Fees and Innovation Drive Growth Despite High Gas Costs
• Bitcoin miners' revenue has reached all-time highs due to increased on-chain fees • Bitcoin ecosystem revived by new BRC-20 memecoin tokens, surpassing $4 billion market cap • Bitcoin Ordinals assigns unique IDs to satoshis, enabling tracking and transfer • Other new Bitcoin token standards emerging, like ARC-20 adding value • Despite high gas fees, strong demand exists for minting BRC-20 tokens