BTC Daily Transaction Fees Drop to 4.09 BTC — Lowest Coin-Denominated Level Since 2011 (Glassnode)

On August 24, COINOTAG cited Glassnode data showing the Bitcoin network’s daily transaction fee declined to roughly 4.09 BTC, reaching the lowest coin-denominated level since late 2011. This aggregate BTC transaction fee figure captures total fees paid to miners in bitcoin and serves as a direct on-chain indicator of fee pressure and transactional cost trends on the Bitcoin network.

The Glassnode report provides a contemporaneous snapshot of fee dynamics without asserting causality. Market participants and institutional analysts commonly reference such on-chain metrics to evaluate network utilization, miner revenue in BTC terms, and evolving fee-market structure, while refraining from extrapolating short-term price implications from a single fee data point.