Following the recent halving event that saw the block reward decrease, Bitcoin miners are still seeing increased daily revenue due to higher transaction fees. According to analysts at CryptoQuant, despite the drop in block rewards, miners are maintaining their operations at pre-halving levels.

The analysts noted that transaction fees on the Bitcoin network hit record highs on halving day, indicating that miners are continuing their operations as usual. The total network hashrate has also remained steady, hovering around 617 EH/s post-halving.

The surge in fees has been attributed to the launch of the RUNES protocol, a fungible token standard on the Bitcoin network that allows for the issuance and transfer of tokens. This has contributed to the increase in miner revenue despite the halving event.

Analysts at Glassnode have highlighted the significance of Bitcoin’s fourth halving, noting that it marks a historic moment where BTC issuance rates have fallen below those of gold for the first time. This shift in narrative has generated interest in Bitcoin’s scarcity compared to traditional assets like gold.

Looking ahead, the next Bitcoin halving is expected around April 2028, with experts predicting a potential altcoin season on the horizon. As the cryptocurrency market continues to evolve post-halving, it will be interesting to see how miners adapt to the changing landscape.

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