"SegWit Bitcoin" Transaction Fees Continue to Rise! Crazy Hype for cat20 Inscription, FB Price Stabilizes at $30
Article is form zombit
September 13, 2024
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Fractal Bitcoin Transaction Fees Surge as CAT Token Minting Rampant
Data from mempool.space reveals that transaction fees on Fractal Bitcoin (FBC), a Bitcoin sidechain, are rising rapidly, with low-priority fees exceeding 4,000 sat/byte.
[Image: Chart showing rising transaction fees on Fractal Bitcoin]
The majority of on-chain activity is concentrated on CAT token minting through the CAT20 inscription protocol. Since its deployment on September 11th, the minting progress has reached close to 70%.
[Image: Chart showing minting progress of CAT tokens on Fractal Bitcoin]
Meanwhile, CoinEx data shows that the Fractal Bitcoin token (FBC) is currently trading at $30.
[Image: Chart showing FBC price]
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