Bitcoin’s on-chain fee income fell to an unusually small share of miner revenue on Oct. 11, according to data compiled by Wu Blockchain’s data center and cited by Techub News. Fees accounted for just 0.31% of block rewards that day, marking the second-lowest reading since July 2016.
Network-wide fee revenue came in at about 1.4 BTC, or roughly $116,000, while block subsidy income was about 450 BTC per day, equivalent to around $37.59 million. On that basis, 99.7% of miner revenue came from the block subsidy rather than transaction fees.
The report also said the ratio has stayed below 1% for 51 straight days. Among the 10 lowest trading days on record for this metric, eight occurred in 2026. For comparison, the ratio reached 43.57% on Dec. 22, 2017. It later climbed to 75.44% on April 20, 2024, the day of Bitcoin’s halving and the launch of Runes.
Bitcoin on-chain fees accounted for 0.31% of block rewards on Oct. 11, the second-lowest level since July 2016, according to data compiled by Wu Blockchain’s data center and cited by Techub News.
Total network fee income that day was about 1.4 BTC, or roughly $116,000. Block subsidy income was about 450 BTC per day, equivalent to around $37.59 million. Based on those figures, 99.7% of miner revenue came from the block subsidy.
The ratio has now remained below 1% for 51 consecutive days. Eight of the 10 lowest trading days on record for this metric occurred in 2026.
For comparison, the ratio reached 43.57% on Dec. 22, 2017. It later hit 75.44% on April 20, 2024, when Bitcoin’s halving coincided with the launch of Runes.
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